On Thursday NDTV came out with another blabbering reply to our exposé on its CEO K V L Narayan Rao admitting to the money laundering of $150 million through a shell company floated in Netherlands. We can’t understand how you call this as a fake news, when we reproduced the 54 page document of Income Tax. You conveniently ignored to mention the first 14 pages of the document, which are the findings of the Income Tax Department.
Our report was in plain English, essentially summarizing the 54-page findings. That a journalist of your repute thinks that it is fake is befuddling. You state that you stand for the highest ethics in journalism; then you should know what a scoop is.
The role and beauty of journalism is in bringing out such confidential reports. You maybe enjoying being profiled in Page 3 circles of Lutyen’s Delhi, but let us remind you of a famous quote in journalism.
Lord Northcliffe: “News is what somebody somewhere wants to suppress; all the rest is advertising.”
We can give you a hint as to how we got these confidential documents; We have strong whistleblowers in Income Tax and many other departments. As and when news comes to us we have no hesitation in publishing it. By the way, this is not the last word on this saga.
Dear NDTV and Mr. Prannoy Roy, you keep harping that PGurus is owned by S Gurumurthy. Our Managing Editor Sree Iyer has given you a reply two days back refuting this. Meanwhile, we expect a reply on our two articles on siphoning NDTV’s money of Rs.145 crores ($21.5 million) by you and your wife.
In this non-professional reply you again stretched the truth on Income Tax Appellate Tribunal (ITAT) verdict. Your communication to Bombay Stock Exchange dated September 28, 2016 shows that you were fined by Income Tax an amount of Rs.525 crores ($77.8 million) for tax evasion and ITAT has not stayed it. ITAT only said that the fine of Rs 525 crores will be charged after the final appeal before the ITAT. That is a regular verdict which anybody would get when they challenge Income Tax fine at ITAT and you want to portray that as a victory? That this government is following the due course of law, giving you every opportunity to state your case, is commendable.
Meanwhile, Mr. Roy, why are you sending K V L Narayan Rao before all forums like Income Tax, and Enforcement Directorate? Being the Captain of the NDTV (sinking) ship, it behoves you to appear, doesn’t it? You are aware of ED issuing a show cause notice for Rs.2030 crores ($301 million) in FEMA violations, possibly converting it into a case under PMLA, which envisages key players jail terms.
We reiterate our position; Rebut us with facts, not innuendo.
As for NDTV’s credibility, we leave it to the readers to decide!
1. The conversion rate used in this article is 1 USD = 67.46 Rupees.
2. Text in Blue points to additional data on the topic.
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