The Central Bureau of Investigation (CBI) has not yet filed charge sheets against NDTV’s founder Prannoy Roy and wife Radhika for the past three and half years. The first First Information Report (FIR) was registered on June 2017 for ICICI Bank loan fraud and the second FIR was registered on August 2019 for floating shell companies across the World for laundering 1000s of crores. Why? This must be the longest non-active case by the CBI in the recent history of its investigation. Were any big Corporates influencing Government which in turn forces the CBI to keep quiet in the purchase of the NDTV from Prannoy Roy? The same is the fate of probes launched against NDTV by the Stock Exchange Board of India (SEBI), Enforcement Directorate (ED), and Income Tax (IT) which had already attached 30% of the shares of the shell company controlling NDTV.
Status of the first case:
On June 5, 2017, CBI registered an FIR against Prannoy Roy and wife Radhika and conducted raids at their homes for ICICI Bank loan frauds. The loans were issued to the shell company owned by the husband and wife. The shell company’s name is interesting – RRPR Holding. RRPR means Radhika Roy Prannoy Roy. PGurus have reported in detail about the case. Using this loan in the garb of NDTV, Roy and wife had taken the money to their shell company and CBI even found that Rs.40 crores were routed to purchase a home in Cape Town in South Africa by the couple. It is learnt that the now-accused ICICI Bank CEO Chanda Kochhar confessed to the agencies that Prannoy Roy had obtained this huge loan of around Rs.400 crores with the concurrence of ICICI Bank’s then head K V Kamath. Many feel that the role of Kamath is the roadblock for CBI in this case and the delayed charge sheeting will help Roy and wife to obtain bail easily from the Court.
Why CBI is not filing the charge sheets in these two cases with solid proof? The first FIR was registered three and a half years ago and the second FIR registered more than a year ago.
Status of the second case:
On August 19, 2019, CBI registered another FIR against Mr. & Mrs. Prannoy Roy and the then NDTV’s senior journalist and managerial professional Vikram Chandra for illegally floating 32 shell firms across the Globe to route more than Rs.1000 crores. PGurus have reported the details of this big money laundering by the TV channel in the garb of media operations.
The question here is why CBI is not filing the charge sheets in these two cases with solid proof? The first FIR was registered three and a half years ago and the second FIR registered more than a year ago. But CBI was so eager to file a charge sheet against NDTV whistleblower and former Income Tax Commissioner Sanjay Kumar Srivastava (S K Srivastava). It was S K Srivastava who exposed the income tax violations and floating of shell companies across the world by the NDTV. Last year, the Finance Ministry used a rarely used provision (56J of Service Rules) to terminate the services of Srivastava in a totally fake sexual abuse case and later filed a CBI case against him. He was jailed for more than 75 days for a case registered by CBI accusing certain decisions taken by Srivastava as Income Commissioner in charge of Appeals. How can the judicial decisions of an officer hearing Appeals be charged in this way? Now Srivastava has approached the Allahabad High Court against the CBI charge sheet. But interestingly, the CBI’s Lucknow Division termed Srivastava’s complaints against NDTV as “so-called NDTV scam” in its replies to the High Court.
It is mysterious or interesting as to how CBI’s Lucknow Division can call it as “so-called NDTV scam,” when the CBI headquarters filed two FIRs against NDTV for bank scam and money laundering scam of more than Rs.1000 crores by floating 32 companies across the World. These things show that someone inside the agency is also trying to sabotage the cases against NDTV. How else can one explain this?
 At last CBI catches up with Prannoy and Radhika Roy for ICICI bank fraud. ED to follow soon – Jun 5, 2017, PGurus.com
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