Jump to content

Recommended Posts

Posted (edited)

^ go through this report .. from Sucheta Dalal

http://www.moneylife.in/article/cbi-ed-questions-genuineness-of-ndtv-transactions-through-mauritius/44130.html

In an affidavit filed in the Supreme Court, the Enforcement Directorate (ED) has said it has received information from the Central Bureau of Investigation (CBI) that NDTV Studios, an Indian resident company, received Rs387.62 crore from NDTV (Media) Mauritius Ltd in 2008 and a small portion of the funds was used for investment in six new subsidiaries in India until 2009. In addition, in 2010, a major portion of the remaining funds, were invested in NDTV Multimedia (Mauritius) Ltd and further, in two existing wholly-owned subsidiaries in the Netherlands and UK through another subsidiary NDTV Worldwide Mauritius Ltd. Thereafter, NDTV Studios and its six subsidiaries were merged with NDTV thereby creating doubts about the purpose of their setting up as well as the sources of funds for NDTV (Media) Mauritius and the need to set up various companies in Mauritius. 
 
This explosive information, contained in the Court filings perused by Moneylife, shows that the CBI has been investigating the NDTV group right since 2008, but the investigation seems to have been suppressed. Meanwhile the group has sued an investor (Sanjay Dutt) as well as senior journalist (Madhu Kishwar) for defamation, since they asked questions about its finances. 
In its affidavit before the Court, the ED has further admitted that it had received a complaint from Income Tax (I-T) Commissioner RK Shrivastava in November 2011, as well as complaints from several others regarding NDTV finances.  Yet, ED seems to have opened a formal investigation only in January 2013.  
 
What is shocking is that I-T Commissioner Shrivastava has been subject to untold harassment and allegations as a result of his inquiry, which now appears to be confirmed by CBI, ED as well as the Reserve Bank of India (RBI). Yet, all these authorities have watched the harassment in silence, for several years now. They also remained silent when Ms Kishwar was sued by NDTV. 
 
What is further astonishing is the silence of the Securities & Exchange Board of India (SEBI) and the two national stock exchanges, National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) whose job it is to ensure that information about these inquiries is available to public shareholders of NDTV Ltd. 
Edited by diga
Posted

The Enforcement Directorate has slapped a show cause notice of Rs 2,030 crore on NDTV for allegedly violating FEMA provisions for “illegally routing” huge funds through its foreign subsidies. NDTV said it would “explore legal options”.

“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.

http://www.dailypioneer.com/nation/ed-slaps-rs2030-cr-on-ndtv-for--fema-violations.html

 

Posted

 Is modi Govt misusing Public money and attempting to plant favorable news articles in The Washinton Post ? Will western news publications be able to resist the temptation unlike the pliant Indian MSM ?  many have already succumbed.

The Washington Post india bureau chief :

Posted

Washington Post accuses the PMO for hiring PR firms using public money in an effort to plant "influence" news coverage but there is nary a whisper on MSM.

:hmmm:

Posted (edited)

MSM don't have time to discuss Kerala reporter harassment issue,ISI spy issue nor Sunni leaders comments from where they will get time for Washington post :(

Edited by bulbul
Posted

People of TN especially Chennai , seem to be upset that MSM has mostly ignored their plight during the torrential rains and resultant floods.

:hmmm:This was expected since MSM is mostly delhi and mumbai centric. compared to the other news channels ndtv has provided some coverage.

Posted

Jagannathan has officially moved to Swarajya in editorial director capacity. Badhaiyan to well meaning Indians. I can only imagine how he feels to escape that congi cesspool. 

×
×
  • Create New...