The Central Bureau of Investigation has registered a fresh case against NDTV Limited, its promoters Prannoy Roy and Radhika Roy and others in a Foreign Direct Investment (FDI) related case.

Among those accused in the case are the then NDTV Chief Executive Officer and Director Vikramaditya Chandra and unknown Income-Tax Department officials.

The FIR is based on the findings during a preliminary enquiry into the allegations that between May 2004 and May 2010, NDTV floated around 32 subsidiary firms all over the world, “mostly in tax havens viz. Holland, UK, Dubai, Malaysia, Mauritius, etc.”

It was alleged that a majority of these companies had no business transactions and they were meant only for financial transactions to bring funds from abroad.

The funds were allegedly invested by unknown public servants through NDTV and later laundered back to India through multiple layers of complex transactions and shell firms, the CBI has alleged.
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