Sebi today disposed of proceedings against Prannoy Roy, Radhika Roy and RRPR Holdings Pvt Ltd in a case related to alleged delay in disclosure about their aggregate shareholding in NDTV Ltd.
A bench of justices S Muralidhar and Pratibha M Singh said it was "satisfied" that there was a prima facie case in favour of New Delhi Television (NDTV).
More details about the exact charges being probed by the agency were not available as the official said the case is sub-judice.
The ITAT has also held that shell companies were floated by NDTV and used for money laundering to the tune of Rs 642.54 crore in the assessment year 2009 -10.
CBI named NDTV founder Prannoy Roy, his wife Radhika and a private company linked to NDTV among others in a criminal case on charges of causing losses to the ICICI Bank.
Veteran journalist Kuldeep Nayyar urged journalists to rise to the occasion in this battle for independent media.
The agency sleuths have scrutinised the seized documents and a questionnaire to be put up to the accused is being prepared.
‘Lutyens media’ is the elite & establishment. When action is taken against wrongdoing by one, it’s painted as an attack on free speech
IT and ED documents show that the two agencies started their enquiries into NDTV founder Prannoy Roy, his wife Radhika Roy and companies controlled and owned by them during the UPA regime.
The Central Bureau of Investigation's raids on the properties of NDTV founder Prannoy Roy on June 5 on allegations of bank fraud had drawn criticism from politicians as well journalists.
CBI examines complainant in NDTV case, seeks list of officials from ICICI who granted loan to news channel
The CBI has also sought copies of the correspondence between ICICI Bank officials and the NDTV promoters for seeking the loan in 2008.
The CBI had on Monday conducted searches at five premises relating to Roys in Delhi, Dehradun and Mussoorie.
The statement comes in the wake of media organisations, including Editors Guild of India, expressing concern over the CBI raids on the offices of NDTV and its promoters.
CBI has registered a case against Prannoy Roy, wife Radhika and RRPR Holdings for allegedly causing losses of Rs 48 crore to ICICI Bank.
The raids, conducted across Delhi, Dehradun and Mussoorie, were based on allegations that Prannoy Roy had caused a wrongful loss of Rs 48 crore to ICICI Bank.