Court permits Prannoy Roy & Radhika Roy, to travel abroad between Aug 1 to 30
Delhi High Court allowed NDTV promoters Prannoy Roy and wife Radhika Roy to travel abroad between August 1 to August 30. Due to the Central Bureau of Investigations (CBI)’s two cases registered in 2017 and 2019, three years ago Look Out Notice (LOC) was issued, and both were deplaned from Mumbai airport. In its June 1 dated Order, the High Court also observed that though two cases were registered, the CBI has not filed Chargesheet.
“The LOC in turn had come to be opened pursuant to the registration of two FIRs dated June 2, 2017, and August 19, 2019. The Court notes that although the investigation is ongoing, to date no charge sheet has been filed by CBI,” said Justice Yashwant Varma, allowing Roys to go abroad. The HC said that they must return by August 30 and travel tickets and complete itinerary must be shared with the Registrar General of the Court. Prannoy Roy was represented by the Modi government’s first Attorney General Advocate Mukul Rohatgi.
In June 2017, CBI raided Prannoy Roy’s home in connection with manipulations in getting an Rs.375 crore loan from ICICI Bank and creating a loss of Rs.48 crore to the bank in 2008. CBI has found that a certain portion of this money was siphoned to build a mansion in South Africa by the husband and wife. In August 2019, CBI registered another case against Prannoy Roy, his wife, and NDTV Managing Editor Vikram Chandra for floating more than 38 shell companies in many tax havens to launder money.
Though Prannoy Roy was questioned by CBI many times, Charge sheets were never filed. This is supposed to be the agency’s most delayed investigation in recent times. Why CBI under Prime Minister Narendra Modi is going slow in the NDTV cases? It is well known that in a dubious way majority of the NDTV shares are held by Mukesh Ambani-related firms since 2009. For this dubious operation, Prannoy Roy and his wife were fined by the Securities Exchange Board of India (SEBI). Though the two CBI cases are related to money laundering, Modi Government has not initiated a probe by Enforcement Directorate (ED) against NDTV. Why so?
PGurus Managing Editor Sree Iyer 2017 published a detailed book – NDTV Frauds. The book detailing the frauds of media owners including stock exchange manipulations, and banking frauds in the garb of journalism is available here[1].
Reference:
[1] NDTV Frauds: A classic example of breaking of Law by Indian Media Houses Kindle Edition – Amazon.in
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Roy family has blessing from Modi
Why CBI is sleeping?