You siphoned more than Rs.145 crores from NDTV & cheated investors

NDTV has come out with a blatant lie on Monday accusing Swaminathan Gurumurthy, Subramanian Swamy and PGurus for maligning them and spreading lies against them. And that the main promoter Prannoy Roy has not siphoned even a single penny from NDTV. Link: http://www.ndtv.com/communication/gurumurthy-and-his-fake-news-gang-of-four-1642003?site=full

Mr. Roy, please read these two articles exposing how you have siphoned around Rs. 145 crores ($21.5 million) from NDTV and cheated investors by routing money through your shell company RRPR Holdings Pvt Ltd. RRPR stands for Radhika Roy Prannoy Roy. Why did you float this shell company? Was it to siphon the money in the name of Stock Exchange listed company NDTV? These two posts are based on the findings of the Income Tax Department.

The first article showing how RRPR holdings diverted Rs. 53.84 crores ($8 million) to Prannoy Roy’s personal account: https://www.pgurus.com/prannoy-roy-siphoned-rs-53-84-crore-to-personal-account-from-ndtv/

The second article showing you and your wife Radhika availed interest free personal loan of Rs. 92 crores ($13.6 million) after obtaining a Rs.375 crores ($55.6 million) loan from ICICI Bank: https://www.pgurus.com/unending-saga-of-ndtv-frauds-prannoy-roy-wife-granted-rs-92-crores-interest-free-loan-to-themselves/

You and NDTV always hark back to one adverse judgment against whistleblower Income Tax Commissioner S K Srivastava. The judgment was adverse, because of the use of certain un-parliamentary words on his petition. You hounded him with the help of the then Finance Minister, causing him immense mental torture. But he is fully recovered now and is free from all the false charges hoisted against him and is back in service as Income Tax Commissioner of Noida region.

Meanwhile, as far as your links with P Chidambaram are concerned, let me tell you one fact. At present the 2G Court has sent Letters Rogatory to London in Aircel-Maxis scam, after Enforcement Directorate found that during the scam period, the Malaysian company Maxis has some money trail with your NDTV, ranging around Rs. 200 crores. Mr. Roy, if you are as pure as the driven snow, why don’t you suo moto give the details to ED or the 2G Court?

Don’t think you can always escape using your Lutyens network. I challenge you to contest our reports. Rebut with facts. Don’t make arbitrary assumptions and then scoot away.

Last but not the least, you said my website is owned by Gurumurthy. Wrong. But I must say I am proud to be a friend of Dr. Subramanian Swamy and Gurumurthy. There is a lot I have learnt and am continuing to learn from their honesty, sincerity and probity in public life.

One more thing Mr. Roy. There is a difference in the journalism practised by you and Gurumurthy. Gurumurthy’s journalism underwent baptism with fire, locking horns with Dhirubhai Ambani, Indira Gandhi and Rajiv Gandhi with solid evidence, which stood the test of time. As for yours, I will let the readers decide.

Cheers

Sree Iyer

Note:

1. The conversion rate used in this article is 1 USD = 67.46 Rupees.

2. Text in Blue points to additional data on the topic.