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NDTV loan-repayment case: Complainant satisfied with CBI's closure report

Business Standard LogoBusiness Standard8h ago

NDTV loan-repayment case: Complainant satisfied with CBI's closure report - Business Standard

Quick Summary:

The complainant in the NDTV case, who had alleged irregularities by the ICICI Bank in accepting loan repayment from the media house, has accepted the CBI closure report and expressed satisfaction over the agency's probe, which did not find any collusion, criminal conspiracy or abuse of position in the matter.

The Central Bureau of Investigation (CBI) filed the closure report before a special court last year, after its six-year-long probe did not find any irregularities in the transactions between the ICICI Bank and NDTV promoters Prannoy Roy and Radhika Roy.

The case was lodged on a complaint from Sanjay Dutt of Quantum Securities Limited, who had alleged that the ICICI Bank had sanctioned a loan of Rs 375 crore in 2008 against the entire 61 per cent shareholding of the NDTV promoters as collateral.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-15 @ 18:33:26 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 405 words

Reading Time: 3 minutes read

Sentences: 12 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 25175978

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 368 posts per day

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News Last Updated: 2 hours ago

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Publisher ID: #49

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