The Delhi High Court has told the CBI that it would be “futile” to continue with the Lookout Circulars issued against former NDTV promoters Prannoy Roy and Radhika Roy, LiveLaw reported.
The court was hearing a petition by the Roys challenging the LOCs that were issued after the CBI lodged cases against them in 2017 and 2019. The 2017 case was closed last year citing insufficient evidence. The 2019 case pertains to alleged money laundering with the CBI accusing the Roys and others of “sham transactions” to bring “funds from abroad”. Though no chargesheet has been filed in that case.
On Thursday, the CBI told the court that the LOCs were issued to monitor the movement of Roys abroad, given the ongoing probe into alleged financial irregularities.
However, Justice Sachin Datta noted that both individuals had consistently cooperated with the investigation since 2019 and had complied with all conditions imposed during previous travels abroad. “There is nothing left in this matter… It will be futile to continue with this LOC,” the court said.
The court has listed the matter for further hearing on July 10.
Watch this to understand what the CBI case was about and what it meant for the channel that is now controlled by the Adani Group.
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