Why is CBI not filing a charge sheet against NDTV’s Prannoy Roy and wife after three years in the ICICI Bank loan fraud case?

    A contrast of CBI filing charge sheets - 50-days to file one on the Whistleblower in NDTV frauds and years have gone with nothing against NDTV

    A contrast of CBI filing charge sheets - 50-days to file one on the Whistleblower in NDTV frauds and years have gone with nothing against NDTV
    A contrast of CBI filing charge sheets - 50-days to file one on the Whistleblower in NDTV frauds and years have gone with nothing against NDTV

    CBI inaction

    Three years have passed since the Central Bureau of Investigation (CBI) raided NDTV’s Prannoy Roy’s home in connection with the ICICI Bank loan fraud case. The CBI registered a First Information Report (FIR) and conducted a raid on June 5, 2017. Now three years have passed and till date CBI has not filed a charge sheet in this case. Apart from Roy, his wife Radhika Roy a few yet-to-be-named ICICI Bank officers are the accused. CBI even unearthed the information that Roy and wife had siphoned more than Rs.40 crores to purchase a palatial home in Cape Town in South Africa. This begs the question as to why the CBI has not filed a charge sheet despite questioning him several times. The details of the case and the FIR are available here[1].

    After this FIR, CBI also filed a second FIR on August 19, 2019 against Prannoy Roy, wife Radhika, and NDTV’s former CEO and journalist Vikram Chandra for money laundering and floating more than 30 shell companies across the World. 10 months have passed and in this case also, CBI has not yet filed a charge sheet. The details of shell companies and modus operandi in money laundering by Prannoy Roy in the garb of journalism are detailed here[2].

    It is known to all that this Rs.400 crores bank loan fraud happened due to the blessings of former ICICI Bank head K V Kamath and the then Finance Minister P Chidambaram. CBI is yet to question K V Kamath or Chidambaram in this case.

    Many senior journalists associated with Roy and his Directors in these shell firms have confessed to CBI and the Enforcement Directorate (ED) that they are ready to turn Approvers. For the past 10 months, the CBI has not moved an inch in this case also.

    Chanda Kochhar has confessed

    In June 2017, in the ICICI Bank loan fraud case, Chanda Kochhar, the tainted former ICICI Bank CEO and accused in many cases has already confessed to the agencies. It is known to all that this Rs.400 crores bank loan fraud happened due to the blessings of former ICICI Bank head K V Kamath and the then Finance Minister P Chidambaram. CBI is yet to question K V Kamath or Chidambaram in this case. Even the ED has informed 2G Court about Rs.200 crores (USD 40 million) landing into India through NDTV during Aircel-Maxis scam from Malaysia[3].

    Is Modi govt letting Roy off?

    Legal experts say that when charge sheets are delayed so much, it would be easy for Prannoy Roy to get bail from Courts. Here the question is who is showing the courage to help tainted Prannoy Roy in Narendra Modi-led BJP Government and the charge sheet is not filed even after three years of registering an FIR and conducting raids.

    CBI charge sheet against IT Commissioner Srivastava in just 50 days!

    Former Income Tax Commissioner Sanjay Kumar Srivastava was the whistleblower in the NDTV’s frauds by exposing the money laundering and tax evasion in 2009. The irony is that Srivastava was terminated from the Income Tax Department by the Narendra Modi Government in June 2019 over flimsy charges and he is facing trial while the charge sheets against Prannoy Roy have not yet been filed even after three years. CBI filed a charge sheet against the NDTV frauds whistleblower S K Srivastava in just 50 days to deny him bail (he got bail in the last week of February 2020) and in Prannoy Roy’s case, CBI has not yet filed a charge sheet in three years – first in the case of ICICI Bank loan fraud and a 10 month- delay in the second case of money laundering by floating more than 30 shell firms across the World.

    References:

    [1] At last CBI catches up with Prannoy and Radhika Roy for ICICI bank fraud. ED to follow soonJun 5, 2017, PGurus.com

    [2] CBI registers FIR against Prannoy Roy, wife Radhika, Vikram Chandra for laundering money of politicians by floating shell firms abroadAug 22, 2019, PGurus.com

    [3] Chidambaram parked 40 million dollar bribe got from Aircel-Maxis deal in NDTV, informs Income Tax Commissioner to CBINov 2, 2018, PGurus.com

    Team PGurus

    15 COMMENTS

    1. Why is CBI not filing a charge sheet against NDTV’s Prannoy Roy and wife after three years in the ICICI Bank loan fraud case?

      Why ICICI and Axis Banks two empowered women’s corrupt practices cases were kept in cold storage?

      2013 highly critical and abusive on PM Modi Aravind Subramanyam was appointed Economic Advisor to PM Modi!!

      Well know Chela and Chum of SG , PC et al Saktikanthadas was appointed as RBI governor by PM Modi!!

      MMS have had Kerala cadre IAS/IPS similarly PM Modi trusts Gujarat cadre IAS/IPS…..

      Who knows tomorrow, Prannoy Roy may be appointed as a Media Advisor to the GOI/PM!!

    2. Looks like intention of writing this article keep the news floating above water. In India, no matter who is in power, what plays out are: political compulsions, playing with opposition lobby, using agencies to settle scores or meet personal goal than reaching logical end, endless hearings and long rope by courts and the bureaucracy with media playing biased role to suit their vested interests. Modi and few in BJP may have good intentions, but Swamy is fighting a long lonely battle and age is not with him.

    3. why this Government is not taking any action on these corruption cases. Who is responsible for protecting the corrupt?

    4. What is the purpose of this article? Whatever is written here is nothing new. We would have appreciated a detailed analysis and the names of people who are responsible for this delay. Earlier you were blaming Arun Jaitley but he is no more but things continue to happen. So there is someone else, who needs to be exposed.

      • Exactly. The Team Pgurus consists of towering personalities like Dr. Swamy, Gurumurthy & Sree Iyer.
        Instead of presenting surmised Articles, Team Pgurus should be able to answer the WHY & WHO themselves

    5. Both Congress and the BJP as well as the entire system of administration is totally drenched in corruption, nepotism, favouritism. it is a kind of a “you scratch my back and I will scratch yours” kind of taking turns to fool the common “have not” masses of India. None of the high profile mega scam corruption cases have been cleared. It is quite nauseating and stinks like a skunk. Modi has not walked the talk.

    6. Narendra Modi government is inefficient in taking action against the corrupt and, if they don’t act decisively against the corrupt, it is as goods as being with them.

    7. Iyer sir, why not invite Dr Swamy to your channel and update him. Will Dr Swamy take this up with Govt or if necessary through court ?

    8. Sun rises and sets. It is the DHARMA of the Sun. Unfortunately, there is no DHARMA. Probably almost all of them would be in jail if various Agencies and officers discharge their duty in a DHARMIC way. The total system is ROTTEN.

    9. Arnab barks, Navika thunders, Rishab pounds. The court of public opinion convicted them. The charge sheet, bail and jail is but a silly requirement. Even God is confused if Chiddu, Prannoy, Chanda, Indrani, Malya are guilty! The country is terminally ill, it stinks to high heaven.

    10. The following phrase props up often, « problems seem to be piling up » during video programs-discussions with specialists on the subject.
      Because :
      There is absence of conflict resolution, e.g. resolute. The flying dirt from the precceding decision dirties, masks, muddies the vision of the succeding situation.
      There are conflicts of interest.
      The authority lacks clear vision.

    11. Arun Jaitley was saving Prannoy Roy. After his death, ICICI Bank Kamath must be saving Roy. Total injustice was done to Income Tax Commissioner SK Srivastava. What is Government led by Modi doing???? Lots of grey areas.

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