NDTV Promoters Prannoy And Radhika Roy Denied Permission To Fly Abroad Over Money Laundering Case

Swarajya Staff

Aug 09, 2019, 09:07 PM | Updated 09:07 PM IST

Prannoy Roy, co-chairperson of New Delhi Television Limited.
Prannoy Roy, co-chairperson of New Delhi Television Limited.

NDTV promoters Prannoy and Radhika Roy were today (9 August) stopped from flying abroad via the Mumbai airport at the request of the Central Bureau of Investigation (CBI) which is investigating the duo in a money laundering case, India Today has reported.

The CBI in an FIR has accused the duo and a private company of defrauding banks, following which the Enforcement Directorate (ED) had registered a case under the Prevention of Money Laundering Act.

The FIR alleges that ICICI bank suffered a loss of over Rs 48 crore due to “unlawful or undue favour and profit transferred to promoters of New Delhi Television - being Dr Prannoy Roy, Radhika Roy and RRPR Holding”.

The founders of NDTV were recently banned from carrying out any dealing in the security markets for a period of two years.

After the two were prevented from travelling abroad NDTV cried foul and alleged “complete subversion of media freedom”.

“In a complete subversion of basic rights, NDTV founders Radhika and Prannoy Roy were today prevented from leaving the country. Both journalists had tickets to return to India on the 16th, just a week later”, read the statement.

“They have been stopped from travelling abroad on the basis of a fake and wholly unsubstantiated corruption case initiated by the CBI that was filed two years ago.

The media group called the case against them “unsubstantiated” and claimed that the founders have been cooperating with the authorities.

Get Swarajya in your inbox.