NDTV Frauds - Rs. 48 Crore ( $7 Million USD )
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In the book ‘NDTV Frauds’, author Sree Iyer, exposed how NDTV was actually one of the the most corrupt media house in Indian history. Two Promoters of NDTV, the top management, and other vested interest groups colluded over the years to break laws, evade taxes and fault ICICI bank, by making shell companies with zero employees and zero revenue and other techniques, all resulting in a total financial scam of Rs. 48 Crore ($ 7 Million USD). [https://indianexpress.com/article/india/ndtv-cbi-raid-prannoy-roy-loan-4690663/]
One is left wondering what right media channels have to pretend to be neutral, ethical, unbiased, ‘voice of the common man’. After all their scams, various news channels unite to protect NDTV from public scrutiny. The media claimed that the entire legal proceedings and investigations initiated against NDTV by families of shareholders of ICICI bank which suffered a loss of Rs. 48 crore was a witch hunt against innocent media houses. NDTV had siphoned money through a complex network of shell companies and other illicit financial tricks.
6 June 2017: Hindustan Times - CBI raids NDTV’s Prannoy Roy, wife over ‘bank fraud’, channel cries witch-hunt