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CBI raids NDTV’s Prannoy Roy; channel calls it witch-hunt

Searches are being conducted today at four places including Delhi and Dehradun for causing an alleged loss to Bank

Prannoy Roy

New Delhi Television (NDTV) Founder couple Prannoy Roy and Radhika Roy, along with their private company are facing legal action on account of causing loss to a bank. The Crime Bureau of Investigation (CBI) has registered a case against the Roy couple and conducting searches today at four places including Delhi and Dehradun for causing an alleged loss to Bank.

NDTV has however rubbished the charges against them, calling it ‘witch-hunt’. The media house has said in an official statement that “NDTV and its promoters will fight tirelessly against this witch-hunt by multiple agencies.”

CBI spokesperson said, “CBI has registered a case against Prannoy Roy, Radhika Roy, a private company and others for causing an alleged loss to Bank. Searches are being conducted today at four places including Delhi and Dehradun. Details will follow.”

While the CBI statement doesn’t specify anything, as per a report by Outlook India, the case is linked to ICICI Bank. However, whether the said loan was taken in personal capacity or for NDTV is still not known.

NDTV, in its statement said, “This morning, the CBI stepped up the concerted harassment of NDTV and its promoters based on the same old endless false accusations.”

The media house has said that it is determined to stay unabated by these efforts to pull them down. “We will not succumb to these attempts to blatantly undermine democracy and free speech in India. We have one message to those who are trying to destroy the institutions of India and everything it stands for: we will fight for our country and overcome these forces,” said NDTV.

As per Outlook’s report, “In 2015, NDTV received a notice by the Enforcement Directorate (ED) for allegedly violating Foreign Exchange Management Act (FEMA) provisions in connection to fund transfers. The notice was for an amount of Rs 2,030 crore. RBI had later, rejected NDTV's application to compound from the Rs 2,030 crore notice issued by the ED under the FEMA.”

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