Prevention of Corruption Act case The CBI had filed a criminal conspiracy case against NDTV managing director Roy in 1998 for alleging fraud in Doordarshan upgrade. In July 2013, Roy and NDTV were cleared by the courts and found not-guilty of all charges involving cases filed against Roy by the CBI under Section 120-B of the Indian Penal Code (IPC) for criminal conspiracy and under the
Prevention of Corruption Act, 1988. NDTV, through its foreign subsidiaries, is alleged to have violated Indian tax and corporate laws. NDTV has denied these allegations.
Radia tapes controversy Radia tapes relate to telephonic conversations tapped by Income tax department, which include conversation of NDTV Journalist
Barkha Dutt. The transcripts of the tapes, referred to the lobbying activity against the reappointment of
Dayanidhi Maran to the post of Union IT and Communications minister in the UPA tenure in Indian government. • Conversation with
NDTV journalist Barkha Dutt at 0948 IST. • In a later conversation at 1047 IST, Barkha says that it (conveying the message to Congress(ruling government in the year)) was 'not a problem' and that she would talk to Ghulam (Nabi Azad) (Indian politician and Congress member).
The Sunday Guardian's allegations The Sunday Guardian ran a story which exposed the NDTV's financial misdemeanours and malpractices in connivance with ICICI Bank. It provides details of how NDTV's major stakeholders raised funds by misdeclaration of the value of shares in NDTV. NDTV has denied the allegations and the NDTV CEO replied to the Sunday Guardian along with the threat of "criminal defamation". On 5 June 2017, the House of Prannoy Roy was raided by NIA and CBI.
Foreign Exchange Management Act violation On 19 November 2015 the ED served ₹2,030 crore (US$280 million) notice to NDTV for alleged violations under the
Foreign Exchange Management Act, however the company said it has been advised that the allegations are not "legally tenable".
Income tax cases The "Income Tax Appellate Tribunal" (ITAT) has upheld an income tax department finding that promoters of NDTV used their own shell companies to round-trip investments of ₹642 crore (US$90 million) during 2009–10, making them liable for recovery of tax and penalty. The Delhi bench of the
Income Tax Appellate Tribunal which functioned under the
Ministry of Law upheld the findings of the department held the company liable for reassessment of taxation with penalty. According to the findings, the company had allegedly colluded with NBCUniversal, a subsidiary of
General Electric in a complex money laundering scheme for evading taxation of what was noted to be relatively small amount of funds relative to the size of the companies.
Securities and Exchange Board of India violation In September 2018, Roy and his wife Radhika were issued show cause notice by
Securities and Exchange Board of India for violation of insider trading regulations though their company NDTV downplayed the notices stating they were seeking legal advice on the issue. Earlier that year, in the month March they were fined Rs 3 lac each by SEBI for disclosure lapses. Securities and Exchange Board of India barred Prannoy Roy and his wife Radhika Roy from accessing the securities market for 2 years after an investigation revealed that they concealed material info from shareholders regarding loan agreements and hence they cannot hold management positions in NDTV board.
Central Bureau of Investigation case • In 2017, the
Central Bureau of Investigation (CBI) lodged a case against the company on allegations that it had defrauded ICICI Bank, and the offices of the company and residence of the founders, the Roys were raided by the bureau. The case was lodged on the basis of a complaint by a stockbroker Sanjay Dutt supported by the retracted
Sunday Guardian article. It was noted that ICICI Bank itself considered the company to have returned the loan within an year and had not received any details of the case. The raids received condemnation and the CBI was accused of being under pressure from the government to act against the news broadcaster. • In August 2019, the Central Bureau of Investigation filed a fresh case against Prannoy Roy, his wife Radhika Roy and former NDTV CEO Vikram Chandra for violating FDI rules and routing of tainted money of unknown public servants through shell firms. ==Awards==