| Pranoy Roy, NDTV Owner |
On June 5, the CBI searched the residences of New Delhi Television, NDTV, owners, Pranoy Roy and Radhika Roy, in simultaneous raids in posh localities of Delhi and Dehradun. The raids were conducted in relation to an old case where anti-fraud branch of ICICI bank had lodged a formal FIR on complaint of one Sanjay Dutt, a shareholder in NDTV.
The allegations include illegal siphoning-off of part of the 375 Crore loan amount, taken in the name of a shell/ holding company, created specially for this purpose with no business and no income, where Pranoy and Radhika are Directors to their personal accounts, free of interest.
The allegations include illegal siphoning-off of part of the 375 Crore loan amount, taken in the name of a shell/ holding company, created specially for this purpose with no business and no income, where Pranoy and Radhika are Directors to their personal accounts, free of interest.
It is alleged that the then Finance Minister P. Chidambaram had been instrumental in getting the loan sanctioned for the couple, even without pledging sufficient security.
