CBI files closure report in cheating case against NDTV, former promoters Prannoy, Radhika Roy
A private complainant had alleged that the Roys had caused wilful losses of over Rs 48 crore to ICICI Bank.
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The Central Bureau of Investigation has closed a case against media organisation NDTV, its former promoters Prannoy Roy and Radhika Roy, and others for allegedly causing wilful losses of over Rs 48 crore to ICICI Bank, The Wire reported on Tuesday quoting unidentified persons.
The alleged loss was incurred in the settlement of a loan taken in 2009, PTI reported.
The loan was taken by the Roys from Vishvapradhan Commercial Private Limited, a company then linked to Reliance Industries that was subsequently acquired by the Adani Group in 2022. This acquisition paved the way for the conglomerate’s takeover of NDTV.
The case was closed for “want of evidence”. A special court will decide whether to accept the central agency’s closure report.
The case was filed in 2017 based on a private complaint by Sanjay Dutt of Quantum Securities. In June of that year, the central agency conducted searches at the Roys’ homes in Delhi and Dehradun.
The Roys were questioned in the matter by the Central Bureau of Investigation in 2022, The Wire reported.
The loan taken in 2009 by Radhika Roy Prannoy Roy Private Limited – an entity that held a 29% share in NDTV – from Vishvapradhan Commercial Private Limited was also part of the central agency’s investigation, The Wire reported.
Vishvapradhan Commercial Private Limited was linked to Reliance Industries at the time.
The terms...
