CBI raids at NDTV founder's residence

CBI raids at NDTV founder's residence

Central Bureau of Investigation sleuths launched raids on the houses and offices of NDTV Co Founder Prannoy Roy in New Delhi and Mumbai.  

There was no official information about the reasons behind the raids, reports says that Roy evaded some taxes and the investigating agency is searching for documents.  

Reports also says that Roy had cheated some banks by not paying loans taken for the establishment of TV channels. He was also facing charges that the NDTV group indulged in money laundering and Enforcement Directorate already served notices to the owners of the company.