NDTV moves Delhi HC challenging CBI raids

NEW DELHI: The Prannoy Roy family-promoted NDTV has moved the Delhi High Court challenging the raids conducted by Central Bureau of Investigation (CBI) in the residence of its promoters.

In a notice to the Bombay Stock Exchange and National Stock Exchange, the company said, “NDTV and its promoter company filed a writ in the Delhi High Court (on 6 July 2017) challenging the CBI raids and the FIR (first information report) issued by CBI. NDTV is pleased that the court has directed the CBI to submit a status report by 21 September, 2017.”

The publicly traded company, which also at one time had investments from American company GE via a group media company for a venture, further informed the stock markets it would not like to comment on the matter further as it was “now sub- judice”.

In June 2017, the CBI had raided the residence of the Roy family alleging that the promoters and a private company linked to the Roys, RRPR Holding Private Ltd, were involved in defrauding a private sector bank, ICICI Bank, and allegedly causing it losses involving loans extended in 2008.

The raids had come within a few days after a female NDTV news anchor had politely ticked off a belligerent spokesperson from the Bharatiya Janata Party (BJP), the lead political party in the NDA government that rules the country, during a TV debate, which had prompted a large section of the Indian society, including the Roys, to dub the raids by federal investigating agency as a “witch hunt” against media not toeing a government-handed political narrative.

Minister for information and broadcasting M. Venkaiah Nadu, however, last month had brushed aside criticism relating to government efforts to muzzle a free media saying the CBI raids and media freedom were two unconnected issues.

For NDTV -- considered a sort of media nursery for TV journalism in India after the country allowed in mid-1990s private sector players to enter the business of broadcasting dominated till then by pubcaster Doordarshan and All India Radio -- this was not the first brush with controversy. Earlier also unsubstantiated allegations relating to financial misdeeds had been leveled against NDTV and some group companies.


News Broadcasters Association expresses concern over NDTV raids

Update: No politics in raids at NDTV offices, CBI must have received some info, says Naidu

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