Shocking! Noted NDTV Journalist Prannoy Roy Caught Red Handed With Unaccounted Rs. 53 Crore in his Personal Savings

Prannoy Roy, the famous NDTV journalist and political expert, has been caught by IT officials for siphoning a huge sum of Rs. 53.84 crores in his personal account.

The Delhi Police Economic Offences Wing (EOW) had shared the details with the Enforcement Directorate (ED) in June this year. This is a a clear violation of the Prevention of Money Laundering Act (PMLA) which entails an imprisonment term from three to seven years, along with other criminal offences like conspiracy and fraud under the IPC.

The official IT report indicates that “a total of Rs. 53,84,60,960 ($8 million) was shifted from RRPR Holdings via a cheque numbered 84219 of Syndicate Bank (Hauz Khas Branch, Delhi) Account No: 10006971 to Prannoy Roy’s account.” This is from a man who has for years, preached about morality and ethics.

The money went to the shell company RRPR, where the Roy spouses, Radhika Roy and Prannoy Roy have 50 percent shares holdings, on March 8, 2010 from Reliance Group linked company VCPL for increasing the shareholding in NDTV from 26% to 29.19%. This fake company controls NDTV and Income Tax &the ED has already dug up several cases of frauds in duping shareholders and investors.

The IT department has said, “the bogus gains were done to benefit the main promoters, the Roy spouses and that the transfer money of Rs.53.84 crore to Prannoy Roy’s personal account is nothing but embezzlement of funds and proceeds of Stock Exchange manipulations, which clearly amounts to money laundering and cheating of shareholders.”

The matter is currently under investigations and we hope that actions will be taken against this blatant fraud and money laundering committed by the NDTV journalist.