CBI says loan waiver, not default, issue against Prannoy Roy

The CBI on Tuesday issued a statement reiterating its commitment to the freedom of the Press. The raid it conducted on Monday was against the Roys and not <i>NDTV</i>, it claimed.

PTI Photo by Vijay Verma
PTI Photo by Vijay Verma

NH Web Desk

On Tuesday, the Central Bureau of Investigation (CBI) issued the following statement: “Reports in sections of the media have raised certain issues and the statement issued by NDTV has levelled certain allegations against the CBI investigation in the case relating to the promoters of NDTV and others.

  • It is clarified that searches have been carried out at the premises of the promoters and their offices based on search warrants issued by the Competent Court. CBI has not conducted any search of registered office of NDTV, media studio, newsroom or premises connected with media operations.
  • CBI has registered the case based on the complaint of a shareholder of ICICI bank and NDTV after carrying out due diligence. The investigation is being conducted as per the due process of law and under the jurisdiction of the Court of law. The result of investigation will be filed before the competent Court of law based on the evidence adduced during investigation.
  • The allegations under investigation are not regarding the default in loan repayment; but relate to the wrongful gain of Rs 48 crore to the promoters – Dr. Prannoy Roy, Smt Radhika Roy, M/s RRPR Holdings Pvt Ltd and a corresponding wrongful loss to the ICICI bank arising from their collusion and criminal conspiracy.
  • NDTV in its statement questions the jurisdiction of CBI by stating that ICICI is a private bank. It is clarified that the Honourable Supreme Court in the case of Ramesh Gelli vs CBI of 2016, held that the provisions of Prevention of Corruption Act, 1988 are applicable to the officials of private banks. Therefore, CBI has jurisdiction to take up investigation of the cases of private banks.”

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