US EditionDelhi High Court Quashes LOC Against NDTV Founders
The Delhi High Court ruled LOCs against NDTV founders were excessive, requiring their cooperation with ongoing CBI probes despite no chargesheet filed since 2019.
- The court's order on Friday quashed LOCs against Prannoy Roy and Radhika Roy, citing their prolonged restrictions as unjustified .
- The BoI first imposed the restriction in 2019 at the CBI's request, linked to June 2017 and August 2019 FIRs that prompted the travel curbs.
- Investigators later closed the probe, filing a closure report accepted by the court that found no criminal wrongdoing in the Rs 375-crore loan from ICICI Bank to RRPR Holdings Private Limited, and counsel said the Roys cooperated with summons.
- The court required the couple to give an undertaking to appear before the investigating authority and fully cooperate when required, reflecting its May view that retaining the LOCs was futile.
- A look-out circular is the law-enforcement tool used to check whether someone leaving the country is wanted, while the CBI alleges NDTV Ltd. floated approximately 32 subsidiary firms between May 2004 and May 2010.
12 Articles
12 Articles
Delhi High Court quashes look out circulars against NDTV founders
According to the CBI, between May 2004 and May 2010, NDTV Ltd. allegedly floated approximately 32 subsidiary firms across various jurisdictions, including tax havens, for the purpose of routing funds from abroad.
aninews.in
LatestlyDelhi HC quashes Look out Circulars against Prannoy Roy, Radhika Roy; relief subject to cooperation with CBI probe
Justice Sachin Datta, while quashing the LOCs, observed that the impugned action cannot be sustained, but clarified that the petitioners must cooperate with the probe agencies going forward.
Times of India
Delhi HC quashes look-out circular against NDTV founders Prannoy, Radhika Roy
The Delhi High Court has quashed the look-out circular issued against NDTV founders Prannoy and Radhika Roy. The court's decision comes after cases were registered against them by the CBI. The couple has been asked to cooperate with the ongoing investigation. This development follows petitions filed by the Roys challenging the circulars opened against them in 2021.
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