ED files money laundering case against NDTV group

NDTV on Thursday issued a detailed statement on action being taken by CBI, ED and Income Tax department. It said: “The attempt to intimidate and paralyse NDTV has expanded to epic proportions in the last 24 hours. There are new attacks from the CBI and the Enforcement Directorate."

By: Express News Service | New Delhi | Published: July 28, 2017 2:37 am
NDTV, NDTV raids, Prannoy Roy, NDTV funds, ED raids NDTV, NDTV PMLA case, Indian Express The Government claims NDTV India correspondent had potentially compromised national security by saying, in a January 4 near-live broadcast, that “two terrorists are alive, and there is a weapons depot near where they are.

The Enforcement Directorate(ED) has registered a case of money laundering against the NDTV group. Sources said it is related to some foreign fund infusion into NDTV but refused to give any details. Senior ED officials neither confirmed nor denied that the case was based on a CBI FIR which had alleged promoters of the channel, Prannoy Roy and Radhika Roy, and a private company of defrauding banks.

The investigation are being conducted under the provisions of the Prevention of Money Laundering Act, they said.

The CBI had raided the residence of Roy last month in connection with the case following which Roy had called it a “witch-hunt” and attack on the freedom of the press. He has also repeatedly denied any wrongdoing as alleged by the CBI.

The CBI FIR, based on a complaint by NDTV shareholder Sanjay Dutt, alleged “pecuniary loss of over Rs 48 crore to ICICI Bank arising out of unlawful/undue favour and profit transferred to promoters of New Delhi Television — being Dr Prannoy Roy, Radhika Roy and RRPR Holding.”

It said that “ICICI Bank allegedly conniving, committing fraud and entering into a conspiracy with promoters of NDTV to facilitate transfer of ownership of a news broadcasting company to a khoka/shell company.”

NDTV on Thursday issued a detailed statement on action being taken by CBI, ED and Income Tax department. It said: “The attempt to intimidate and paralyse NDTV has expanded to epic proportions in the last 24 hours. There are new attacks from the CBI and the Enforcement Directorate. In short, there is a concerted and orchestrated 3-pronged attack on NDTV …” It added, “All three agencies are attacking NDTV over one transaction in which GE, USA, made a $150 million investment in NDTV — a perfectly legitimate and publicly, officially declared investment — which they are calling a “sham transaction”.”

Pointing out that CBI had again sought documents from NDTV despite having taken 500 pages related to the case, it said that ED has also informed the Bombay High Court that it is investigating a case of money laundering against NDTV.

“India — and the world — is watching this witch hunt against independent media. It will irreversibly hurt India’s reputation as a democracy with a flourishing and free press,” it said. The statement also revealed that the income tax department had made a “shocking” demand of Rs 429 crore from NDTV to be paid “immediately now”.

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  1. Justice League
    Aug 12, 2017 at 11:21 pm
    Really Irresponsible for NDTV to publish such a News ! : ndtv /world-news/india-can-help-defuse-north-korea-crisis-top-us-commander-1736856 Here on the above News India should never even think of uttering a single word on this Mess ! Rightly said that NDTV is run from Pakistan ! I think Government to inquire the funding of NDTV ! This Media outlet is probably involved in Money Laundering from Pakistan ! Every Office of this News Outlet should be moved away from India probably Hafiz Saeed will provide them space to Run their Propaganda Against India. India should Just solve its Kashmir Issue at current time by repealing Art. 35A and Art. 270 ! NDTV blocked my comment it on their article So I am writing it Here ! To Ndtv for talking about freedom of press !
    1. V
      Jul 29, 2017 at 9:58 pm
      Most fraudsters, scamsters, money launderers, cheats, who are accused by ED, or, CBI, just go about vehemently defending themselves. Not NDTV, who have a TV channel for that purpose. Journalism and fair reporting be junked.
      1. Ashutosh V Divecha
        Jul 29, 2017 at 6:58 pm
        Be it anyone Media, politicians or otherwise if charges are money laundering - should be fully investigated and if found proper should be charge-sheeted and prosecuted. If NDTV feels they have not done anything illegal - why worry ? Let ED CBI IT everyone come and check. Raising a hue and cry about attack on media is not in good taste - even an illiterate guy understands that such a hue and cry is in defense to hide the illegalities - Its like Laloo and Tejasvi talking about the downtrodden poor backward class dalit oppressed etc etc to hide their corruption. A media chain who has to counter and report against a ruling party has to be more clean to take on any kind of investigation against it and not cry about attack on journalism. NDTV is not the only media in Inda.
        1. R
          Jul 29, 2017 at 12:11 pm
          Strangely there are similarities between the last two years of late Mr Rajiv Gandhi rule and now Mr Narendra Modi's rule. Kicking the press... No one thought an opposition of right left will join to defeat Mr Gandhi. At that time too, IE was in the forefront of exposing the scams, now too it is....
          1. N
            Jul 29, 2017 at 1:33 pm
            Does Freedom of Press mean freedom from all Laws and Inquiries? Why not he co-operate and come clean?
            1. B
              B M
              Jul 29, 2017 at 2:50 pm
              Because they have nothing to support their claimed innocence, they are playing victim. Cases against promoters backed by documents and facts in the open domain cannot be attack of 'freedom of press'. The press, the politicians, judiciary in some instances appear to claim their supremacy and holiness. The public can hardly witness any of their virtues.
          2. J
            Jul 29, 2017 at 10:21 am
            A systematic murder of democracy and freedom is being planned. All 28 Opposition parties, all independent Media houses and Citizens of this country must unite and come forward to stop this by filing counter law suits to end this Political Conspiracy against the whole country.
            1. M
              Jul 29, 2017 at 12:27 pm
              Mr Jackson go fly a kite. It's a known fact that Roy is a stoog of Chidu n Sonia.
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