NDTV Founder stopped from travelling overseas

NDTV Founder stopped from travelling overseas
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Highlights

Media House states that this move is a warning from authorities to the media to "fall in line".

Founders of NDTV Radhika and Prannoy Roy were stopped at the Mumbai airport and prevented from travelling abroad on August 9.

The Roys said is a denial of their basic rights. A statement from the media house read, "They have been stopped on the basis of a fake and wholly unsubstantiated corruption case filed by the CBI about an ICICI loan that was taken by their company RRPR which was fully repaid with interest ahead of schedule. TTheauthorities did not inform the court, where the matter is sub judice, or the Roys, about today's action."

NDTV stated this was akin to action against the Roys as a warning to the media from the authorities "to fall in line".

The CBI confirmed that the Roys were detained on the basis of a look-out circular issued by the agency against them. The agency stated that ₹48 crore loss to the ICICI Bank due to the slashing of annual interest rate from 19% to 9.5% on a ₹375 crore loan given to RRPR Holding Private Limited.

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