CBI books NDTV’s Prannoy Roy, wife, Vikram Chandra

The CBI has booked NDTV, its promoters Prannoy Roy and wife Radhika Roy besides former CEO Vikramaditya Chandra and unknown public servants for allegedly violating Foreign Direct Investment (FDI) rules between 2004 and 2010. The NDTV has denied the CBI allegations.

The accused entity and individuals have been booked on charges of criminal conspiracy, cheating and corruption, according to the FIR. The agency on Wednesday 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.

According to the FIR, NNPLC allegedly got approval from the Foreign Investment Promotion Board (FIPB) board in violation of FDI rules in 2009.