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The Income Tax Appellate Tribunal (ITAT) order on NDTV has stated that in the year 2009, the Ministry of Corporate Affairs was hands in gloves with the owners of NDTV in hiding financial information of the foreign shell companies floated and used for money laundering of Rs 642 crores.
The ITAT held Dr Prannoy Roy personally responsible in tax evasion and laundering of 642 crore of rupees. The order states that NDTV and its promoters laundered 1,100 crore of black money during 2007-08 to 2009-10 out of which finding of black money to the tune of 642.54 crore and its laundering has been confirmed by the ITAT

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