Companies

CBI books NDTV’s Prannoy Roy, others for alleged FDI norms violation

PTI New Delhi | Updated on August 21, 2019 Published on August 21, 2019

File Photo of NDTV promoter Prannoy Roy.   -  BusinessLine

The CBI has booked NDTV promoters Prannoy Roy and his wife Radhika Roy, and others in connection with alleged violation of foreign direct investment (FDI) rules, officials said on Wednesday.

The agency has also booked the media outlet’s former CEO Vikramaditya Chandra under charges of criminal conspiracy, cheating and corruption, they said. It is alleged that the company floated 32 subsidiaries in several tax haven countries to bring foreign funds to India through sham transactions, they said.

Published on August 21, 2019
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