kakatiya Posted November 21, 2015 Report Posted November 21, 2015 The Enforcement Directorate has slapped a show cause notice of Rs2,030 crore on NDTV for allegedly violating FEMA provisions for “illegally routing” huge funds through its foreign subsidies. NDTV said it would “explore legal options”. The notice served earlier this week to NDTV promoters Prannoy Roy, wife Radhika Roy and senior executive KVL Narayan Rao said the TV channel Group violated RBI provisions. The ED said the RBI had issued a series warnings in this regard. “NDTV Ltd raised funds outside India to the tune of $170 million through its London based company called NNPLC and brought $163.78 million in its group companies in India during the period March, 2007 to October, 2010. RBI has pointed out that bringing funds in its group companies by NDTV Ltd from NNPLC is not a genuine and bonafide business activity and is a contravention of FEMA,” said a file noting of ED. “There was also a violation of routing of around Rs500crore through Mauritius subsidiary of NDTV. RBI has pointed out that bringing funds in its group companies by NDTV Ltd from its overseas subsidiaries is not a genuine and bonafide business activity. In all, Rs113.31 core was illegally routed by NDTV through its shell companies floated abroad,” ED officials claimed. NDTV on Thursday informed the Bombay Stock Exchange about the development and said the notice was not “legally tenable” and would explore legal options. “… the company along with Dr. Prannoy Roy, Executive Co-Chairperson, Mrs. Radhika Roy, Executive Co-chairperson, Mr. K.V.L. Narayan Rao, Executive Vice Chairperson and NDTV Studios Ltd. (erstwhile subsidiary of the Company since merged with the Company) have on November 19, 2015 received a showcause notice from the Directorate of Enforcement as to why adjudication proceedings should not be held for alleged contraventions of provisions of FEMA (Foreign Exchange Management Act),” said the company in its filing to BSE Ltd.
kakatiya Posted November 21, 2015 Author Report Posted November 21, 2015 Outlook Magazine, in its Nov. 18 story documenting the Radia tapes, had said “The transcripts suggest that journalists Vir Sanghvi and Barkha Dutt also lobbied for Raja with the Congress party.” Open Magazine, the other outlet that published the Radia recordings, said in a Nov. 20 article that “Radia relied on a number of people to pass information on to the Congress and back to the DMK. In a way, these were the people who eventually ensured Raja was given the telecom portfolio.”
srinivasrckz Posted November 21, 2015 Report Posted November 21, 2015 ha ha... ndtv supporting congress in money laundering !
SANANTONIO Posted November 21, 2015 Report Posted November 21, 2015 Christian missionaries kuda pours money... FOX, CNN kuda anduke opened India lo....they get money various christian missonaries and try to put propaganda on Hindus always and they are successful recently incase of Bihar
micxas Posted November 21, 2015 Report Posted November 21, 2015 Jagan sakshi tho kalisinappude ardamaipovali..both money laundering batch..:)
andhrapradesh@123 Posted November 21, 2015 Report Posted November 21, 2015 The Enforcement Directorate has slapped a show cause notice of Rs2,030 crore on NDTV for allegedly violating FEMA provisions for “illegally routing” huge funds through its foreign subsidies. NDTV said it would “explore legal options”. The notice served earlier this week to NDTV promoters Prannoy Roy, wife Radhika Roy and senior executive KVL Narayan Rao said the TV channel Group violated RBI provisions. The ED said the RBI had issued a series warnings in this regard. “NDTV Ltd raised funds outside India to the tune of $170 million through its London based company called NNPLC and brought $163.78 million in its group companies in India during the period March, 2007 to October, 2010. RBI has pointed out that bringing funds in its group companies by NDTV Ltd from NNPLC is not a genuine and bonafide business activity and is a contravention of FEMA,” said a file noting of ED. “There was also a violation of routing of around Rs500crore through Mauritius subsidiary of NDTV. RBI has pointed out that bringing funds in its group companies by NDTV Ltd from its overseas subsidiaries is not a genuine and bonafide business activity. In all, Rs113.31 core was illegally routed by NDTV through its shell companies floated abroad,” ED officials claimed. NDTV on Thursday informed the Bombay Stock Exchange about the development and said the notice was not “legally tenable” and would explore legal options. “… the company along with Dr. Prannoy Roy, Executive Co-Chairperson, Mrs. Radhika Roy, Executive Co-chairperson, Mr. K.V.L. Narayan Rao, Executive Vice Chairperson and NDTV Studios Ltd. (erstwhile subsidiary of the Company since merged with the Company) have on November 19, 2015 received a showcause notice from the Directorate of Enforcement as to why adjudication proceedings should not be held for alleged contraventions of provisions of FEMA (Foreign Exchange Management Act),” said the company in its filing to BSE Ltd. Gp, ninna adho thread lo Saul uncle asked how congress, Ndtv and money involved ani. This is one of the answers.
perugu_vada Posted November 21, 2015 Report Posted November 21, 2015 Jagan sakshi tho kalisinappude ardamaipovali..both money laundering batch..:):D anthe ga mari
turtle Posted November 21, 2015 Report Posted November 21, 2015 Jagan ki NDTV lo share undi ani talk......
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