Problems for NDTV are only exacerbating. Promoters of NDTV, the leading voice of the leftist cabal in India, Prannoy and Radhika Roy, have received a show cause notice from the capital markets regulator, Securities and Exchange Board of India (SEBI) for alleged violation of insider trading regulations.
NDTV in a regulatory filing said, “Prannoy Roy and Radhika Roy, the promoters of New Delhi Television Ltd (NDTV), have informed the company that on September 10, 2018, they have received a show cause notice dated August 31, 2018 by the Securities and Exchange Board of India (SEBI).”
The show cause notice was issued under the Sections 11(1), 11(4) and 113 of the Securities and Exchange Board of India Act, 1992 (“SEBI Act”) by SEBI alleging violation, inter-alia, of provisions of Section 12A (d) and (e) of SEBI Act read with Regulation 3(i) and Regulation 4 of SEBI (Prohibition of Insider Trading) Regulations, 1992.
Earlier, in May, CBI had served show cause notice to the NDTV for tax evasions of approximately 800 crores and personal tax evasion by the Prannoy and Radhika Roy, promoters of NDTV, in the tune of Rs 30 crores. The 36 page show-cause notice states that the Roy couple and NDTV will face the charge of violation of Income Tax Act provisions under Section 276C, 277, 278 and 278B. The charges also include false statements, abetment of a false return, and suppression of taxable income. According to the Income Tax and criminal prosecution laws, all these charges could lead up to imprisonment for 7 years along with fine.
In March 2018, Securities and Exchanges Board of India (SEBI) had slapped a fine of Rs 10 lakh on NDTV and Rs 3 lakh each on Roy couple for disclosure lapses. It’s not the first time that the NDTV has been on the radar of financial fraud investigating agencies for all the wrong reasons. According to Pgurus, NDTV was involved in FIPB violations as well during the tenure of Finance Minister P. Chidambaram. Going by this version, the CBI and the ED have discovered that in March 2007, the FIPB under Chidambaram had allowed the channel to bring in a maximum of Rs. 585 crores from its foreign subsidiaries. However, later on it was discovered by the Income Tax Department that it had illegally brought in Rs. 1200 crores.
In 2017, CBI raided houses of Prannoy and Radhika Roy.
For more details: The exact reason why CBI raided Prannoy Roy
The fact that NDTV is in deep trouble is not hidden from anyone and its problem are getting worse with each passing day and its political patronage is also not in power to help out. It is in sad state today because of its agenda driven journalism, prioritizing agenda over truth and vicious hatred for one particular party. Because of all these biases, its viewership has drastically decreased but still they didn’t learn their lesson and carried own with their anti-India and anti-Hindu propaganda. The alienation of viewers is clearly visible in their TRP ratings where it is on the last spot. If NDTV does not get its house in order, financially as well as qualitatively, the end might not be very far.
