NDTV’s Prannoy Roy, wife, former CEO booked for alleged FDI norms violation

The CBI has booked NDTV promoters Prannoy Roy and Radhika Roy and others for allegedly violating foreign direct investment (FDI) rules in a 2007-09 investment, an allegation denied by the company.

Besides the Roys, the agency registered an FIR against then CEO Vikramaditya Chandra as well as unidentified government officials on charges of criminal conspiracy, cheating and corruption, officials said on Wednesday.

On Wednesday, a CBI team conducted searches at Chandra’s residence, officials said.

Under the CBI scanner are investments made by NCBU, a General Electric company at the time, in Network PLC (NNPLC), an NDTV company incorporated in London on November 30, 2006.