ED books ex-CEO of TV9 Ravi Prakash under PMLA

02-07-2020 Thu 10:38

The Enforcement Directorate has booked a case against Ravi Prakash, former CEO of TV9 news channel, under the Prevention of Money Laundering Act (PMLA). A case was registered against Ravi Prakash at Banjara Hills police station in Hyderabad based on a complaint by the new management of TV9 news channel. In the complaint, they said Ravi Prakash and two other executives had withdrawn Rs 18 crore without previous management’s approval in between September 2018 to May 2019. There are allegations that Ravi Prakash had sent Rs 180 crore abroad through a hawala transaction.

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