NDTV wins major case against alleged money-laundering claims

BizAsia Correspondent



The Supreme Court in India has cleared NDTV in a major case against claims of alleged money-laundering.

A tax case accused the broadcaster of money-laundering while raising funds abroad in 2007 for its non-news business.

NDTV reported, “The Supreme Court has refused to allow the Revenue Department to reopen an assessment that was decided years ago. Tax officials had sought this in 2015 alleging that NDTV had concealed facts and round-tripped money. The court today has disallowed that.”