TFIPOST हिन्दी
TFIPOST Global
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Explosives Seized in Jaipur Amid Heightened India-Pak Tensions

    Explosives Seized in Jaipur Amid Heightened India-Pak Tensions; Probe Hints at Terror Conspiracy

    What Did India Achieve with ‘Operation Sindoor’? Understand in 9 Key Points

    What Did India Achieve with ‘Operation Sindoor’? Understand in 9 Key Points

    Made in China, Destroyed by India: How Operation Sindoor Crushed China-Pakistan’s War Gamble

    Made in China, Destroyed by India: How Operation Sindoor Crushed China-Pakistan’s War Gamble

    India, Pakistan Military Commanders (DGMO) to Hold Key Talks Post-Ceasefire Understanding

    India, Pakistan Military Commanders (DGMO) to Hold Key Talks Post-Ceasefire Understanding

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Designing For Impact: Create Exceptional Small Businesses Marketing Materials

    Designing For Impact: Create Exceptional Small Businesses Marketing Materials

    Things You Need to Consider Before Choosing an L&T Finance Two-wheeler Loan

    Things You Need to Consider Before Choosing an L&T Finance Two-wheeler Loan

    Crypto Trading Signals Explained: A Comprehensive Guide

    Crypto Trading Signals Explained: A Comprehensive Guide

    Crypto Arbitrage Trading

    Crypto Arbitrage Trading

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Made in China, Destroyed by India: How Operation Sindoor Crushed China-Pakistan’s War Gamble

    Made in China, Destroyed by India: How Operation Sindoor Crushed China-Pakistan’s War Gamble

    India, Pakistan Military Commanders (DGMO) to Hold Key Talks Post-Ceasefire Understanding

    India, Pakistan Military Commanders (DGMO) to Hold Key Talks Post-Ceasefire Understanding

    The Demand of ‘de-escalation’ Is a Shield for Terror, Not a Call for Peace

    The Demand of ‘de-escalation’ Is a Shield for Terror, Not a Call for Peace

    Operation Sindoor

    How Operation Sindoor became a Grand Success: Over 100 Terrorists Eliminated in 25-Minute Blitz

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Operation Sindoor still on: India neutralises Pakistan’s Chinese-made HQ9 Air Defence System in Lahore

    Operation Sindoor still on: India neutralises Pakistan’s Chinese-made HQ9 Air Defence System in Lahore

    UNSC

    UNSC Rejects Pakistan’s Anti-India Narrative, Demands Accountability for Pahalgam Terror Attack

    Credit: ANI

    India Japan Defence Meet: Pahalgam Attack Sparks Renewed Solidarity

    Khalistanis take out Anti-Hindu rally in Canada

    Canada: Khalistani extremist parade PM Modi, HM Amit Shah, Jaishakar’s effigies in mock jail; calls for deportation of 8 lakh Hindus

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    How to Decide Between Amity and Manipal for Your Online MBA Journey

    How to Decide Between Amity and Manipal for Your Online MBA Journey

    Mughals, Delhi Sultans Out, Fresh Chapters on Indian Rulers, Mahakumbh Introduced: NCERT revises Class 7 books

    Mughals, Delhi Sultans Out, Fresh Chapters on Indian Rulers, Mahakumbh Introduced: NCERT revises Class 7 books

    Role of Consultants to Study in Ireland: How to Choose the Right One?

    Role of Consultants to Study in Ireland: How to Choose the Right One?

    The Complete Guide to Education Loan Interest Rates in 2025

    The Complete Guide to Education Loan Interest Rates in 2025

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    The Best Foods to Increase Your Libido and Enhance Your Life

    The Best Foods to Increase Your Libido and Enhance Your Life

    FIFA World Cup 2025: Which Teams Have the Best Shot at Glory?

    FIFA World Cup 2025: Which Teams Have the Best Shot at Glory?

    Download MCW App in Bangladesh and Start Winning

    Download MCW App in Bangladesh and Start Winning

    How Does Sports Betting Work in India?

    How Does Sports Betting Work in India?

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Explosives Seized in Jaipur Amid Heightened India-Pak Tensions

    Explosives Seized in Jaipur Amid Heightened India-Pak Tensions; Probe Hints at Terror Conspiracy

    What Did India Achieve with ‘Operation Sindoor’? Understand in 9 Key Points

    What Did India Achieve with ‘Operation Sindoor’? Understand in 9 Key Points

    Made in China, Destroyed by India: How Operation Sindoor Crushed China-Pakistan’s War Gamble

    Made in China, Destroyed by India: How Operation Sindoor Crushed China-Pakistan’s War Gamble

    India, Pakistan Military Commanders (DGMO) to Hold Key Talks Post-Ceasefire Understanding

    India, Pakistan Military Commanders (DGMO) to Hold Key Talks Post-Ceasefire Understanding

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Designing For Impact: Create Exceptional Small Businesses Marketing Materials

    Designing For Impact: Create Exceptional Small Businesses Marketing Materials

    Things You Need to Consider Before Choosing an L&T Finance Two-wheeler Loan

    Things You Need to Consider Before Choosing an L&T Finance Two-wheeler Loan

    Crypto Trading Signals Explained: A Comprehensive Guide

    Crypto Trading Signals Explained: A Comprehensive Guide

    Crypto Arbitrage Trading

    Crypto Arbitrage Trading

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Made in China, Destroyed by India: How Operation Sindoor Crushed China-Pakistan’s War Gamble

    Made in China, Destroyed by India: How Operation Sindoor Crushed China-Pakistan’s War Gamble

    India, Pakistan Military Commanders (DGMO) to Hold Key Talks Post-Ceasefire Understanding

    India, Pakistan Military Commanders (DGMO) to Hold Key Talks Post-Ceasefire Understanding

    The Demand of ‘de-escalation’ Is a Shield for Terror, Not a Call for Peace

    The Demand of ‘de-escalation’ Is a Shield for Terror, Not a Call for Peace

    Operation Sindoor

    How Operation Sindoor became a Grand Success: Over 100 Terrorists Eliminated in 25-Minute Blitz

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Operation Sindoor still on: India neutralises Pakistan’s Chinese-made HQ9 Air Defence System in Lahore

    Operation Sindoor still on: India neutralises Pakistan’s Chinese-made HQ9 Air Defence System in Lahore

    UNSC

    UNSC Rejects Pakistan’s Anti-India Narrative, Demands Accountability for Pahalgam Terror Attack

    Credit: ANI

    India Japan Defence Meet: Pahalgam Attack Sparks Renewed Solidarity

    Khalistanis take out Anti-Hindu rally in Canada

    Canada: Khalistani extremist parade PM Modi, HM Amit Shah, Jaishakar’s effigies in mock jail; calls for deportation of 8 lakh Hindus

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    How to Decide Between Amity and Manipal for Your Online MBA Journey

    How to Decide Between Amity and Manipal for Your Online MBA Journey

    Mughals, Delhi Sultans Out, Fresh Chapters on Indian Rulers, Mahakumbh Introduced: NCERT revises Class 7 books

    Mughals, Delhi Sultans Out, Fresh Chapters on Indian Rulers, Mahakumbh Introduced: NCERT revises Class 7 books

    Role of Consultants to Study in Ireland: How to Choose the Right One?

    Role of Consultants to Study in Ireland: How to Choose the Right One?

    The Complete Guide to Education Loan Interest Rates in 2025

    The Complete Guide to Education Loan Interest Rates in 2025

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    The Best Foods to Increase Your Libido and Enhance Your Life

    The Best Foods to Increase Your Libido and Enhance Your Life

    FIFA World Cup 2025: Which Teams Have the Best Shot at Glory?

    FIFA World Cup 2025: Which Teams Have the Best Shot at Glory?

    Download MCW App in Bangladesh and Start Winning

    Download MCW App in Bangladesh and Start Winning

    How Does Sports Betting Work in India?

    How Does Sports Betting Work in India?

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
  • Economy
  • Defense
  • Geopolitics
  • Knowledge
  • Law
  • Lounge

The exact reason why CBI raided Prannoy Roy

Bhushan Agrawal by Bhushan Agrawal
5 June 2017
in Opinions
Prannoy Roy NDTV CBI ndtv the indian express
Share on FacebookShare on X

The CBI today early morning raided the Roys, Prannoy Roy and his wife Radhika Roy of the NDTV. As construed, many thought the raids are related to ongoing investigation by ED & IT officials for FEMA and money laundering violations, but this one turned out to be a new one at least in the public domain.

Many of the left leaning media fraternity immediately jumped to their rescue and started their favorite rhetoric – words like “vendetta”, “freedom of press”, “emergency like situation”, “witch-hunt”, “concerted harassment”, “old endless false accusations”, etc. But none have tried to bring in facts to the people.

RelatedPosts

Ranya Rao Gold Smuggling case: ED, CBI joins DRI investigation against Kannada actor

President Droupadi Murmu grants sanction to prosecute AAP leader Satyendar Jain in money laundering case

RG Kar rape murder case not rare of the rarest: Convict Sanjay Roy awarded life imprisonment

Load More

Why try to project or propagate them as “people’s crusader being victimized by all powerful, mighty, cruel, dictator government?”

Is Prannoy Roy above law, is he not answerable to a due process of investigation when the country’s prime investigation agency has a prima facie evidence. Well we will not play to the galleries, instead will play it simple and put some real and hard hitting facts about this case.

The case was first published by “The Sunday Guardian” on 5th Dec 2010.

NDTV Limited and associate companies in which Prannoy Roy and Radhika Roy have a majority stake have indulged in financial misdemeanors and malpractices in connivance with ICICI Bank, and raised funds by wrong declaration of the value of shares in NDTV.

These shares were held by a company called RRPR Holding Private Limited. The deal took place between July and October 2008 during a “buyback” of shares from the stock market announced by NDTV Limited at the price of Rs 439 per share.

Share prices were in a period of boom at the time, and the company expected prices to rise even further, this is why it wanted to buy the shares back. Since the company did not have sufficient liquid funds to finance this purchase of shares, it took a loan from India Bulls Financial Services of Rs 363 crores, pledging 90,70,297 NDTV shares as collateral. This was in July 2008.

In August 2008, the stock market collapsed on the back of the subprime crisis in USA; the index crashed from about 22,000 to below 10,000. The price of NDTV shares also went down from a high of Rs 394 to around Rs 100. Now the collateral of the India Bulls loan, therefore, depreciated, compelling India Bulls to recall the loan. NDTV did not have the money to do so.

Next they approached ICICI Bank to lend them money. ICICI gave a loan of Rs 375 crores in October 2008 against the collateral of 47,41,721 shares held by RRPR, at an average price of Rs 439, representing a gross value of Rs 208 cr.

Now this was the first financial fraud made, since the worth of the collateral was far less than the amount given, which means ICICI bank gave a loan Rs 375 crores against a undertaking of Rs 208 crores worth of shares and secondly the price of the shares given as collateral was not Rs 439 but was actually Rs 99 in the market, as of 23 October 2008. Therefore the gross value of the collateral was only Rs 46.94 crores, or one-eighth of the Rs 375 crores loan granted.

ICICI, is a publicly traded company in which the government and its institutions have a substantial stake. It is also important to note that RRPR Holdings owned by Prannoy Roy and Radhika Roy did not own a single NDTV share before July 2008, authorized and subscribed with a capital of a mere Rs 1 lakh.

Shockingly, just days after the disbursal of the money, one of the directors of RRPR Holding [there were only two directors, the husband-wife team of Roys], was granted an interest-free loan of Rs 73.91 crores from the funds that had suddenly come into this inert company through the ICICI loan. The ICICI loan was an open violation of the SARFAESI Act of 2002.

The Ministry of Corporate Affairs, who received the necessary intimations of all transactions, gave implicit acquiescence of the transaction by choosing to remain silent. RBI, which had also received this information, also kept quiet. And we all know who was in power in the year 2008.

In simple terms the above case is no different than the infamous Vijay Mallya’s case where the bank officials in connivance with these high profile industrialists or businessmen frauded and cheated for granting these un-qualifying loans.

Tags: CBIICICIPrannoy Roy
ShareTweetSend
Previous Post

Caste by Birth never existed in India, 1 Mathematical equation proves beautifully

Next Post

We have the perfect response to Sagarika Ghose’s poisonous rants against the Indian Army

Related Posts

The Tale of how Operation Sindoor Silenced Satyapal Malik and His Echo Chamber
Opinions

Operation Sindoor Success: Satyapal Malik and ilks disappears into abyss of silence

8 May 2025

On May 6, former Jammu and Kashmir Governor Satyapal Malik appeared in a much-publicised interview with controversial journalist Karan...

Operation Sindoor
Defense

Why Operation Sindoor? Because No One Touches the Sindoor of an Indian Woman Without Consequence

7 May 2025

In a rapid and decisive response to the Pahalgam Islamist attack that claimed the lives of 26 innocent tourists...

BJP’s Caste Census Play has flipped the Political Script but let's calculate its efficiency
Opinions

Why Caste Census now?

3 May 2025

Politics, at its core, is about timing, power, and control of the narrative. With one unexpected move , announcing...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Currently Playing

Pakistan needs money from IMF to feed their people

Pakistan needs money from IMF to feed their people

00:15:20

Vacate PoK and more: Steps Pakistan needs to take to avoid Indian military action

00:06:36

Taking The Wire’s Propaganda Piece on VP to the Cleaners – Feat. Prof. Kapil Kumar

00:09:19

Rahul Gandhi Undermines India’s Electoral Integrity as Trump Applauds It

00:07:09

Why Pakistan army chief reminds two nation theory| what is the plan| Waqf Bill |Asim Munir| Jinnah

00:13:02
Facebook Twitter Instagram Youtube
tfipostTfipost.com
Right Wing | News Analysis | Indian Opinion
  • About us
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy
  • Sitemap

©2025 TFI Media Private Limited

No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFIPOST हिन्दी
TFIPOST Global

©2025 TFI Media Private Limited