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.
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.
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.
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.