CBI files closure report in NDTV promoters cheating case after 7 yrs probe

The CBI on Tuesday filed a closure report in a case of alleged cheating against former NDTV promoters and directors Prannoy Roy and Radhika Roy as it could not find legally tenable evidence in the Rs 48 crore loss incurred by ICICI Bank in the settlement of a loan in 2009, officials said.

The case was initiated in 2017 when the CBI registered an FIR based on a complaint from an individual, Sanjay Dutt, of Quantum Securities Ltd who alleged that RRPR Holdings Pvt Ltd, associated with the Roys, had taken a Rs 500 crore loan from India Bulls Pvt Limited to acquire a 20 per cent stake in NDTV through a public open offer.