India’s federal Central Bureau of Investigation (CBI) is reportedly examining the founders of New Delhi-based news channel NDTV over alleged fraud. A case has formally been registered, alleging that Prannoy Roy and his wife Radhika Roy caused a loss of some $7.45 million due to a bank.

The broadcaster firmly denies the allegations, and said June 5 that the case was another example of “concerted harassment based on the same old endless false accusations”.

“NDTV and its promoters will fight tirelessly against this witch-hunt by multiple agencies. We will not succumb to these attempts to blatantly undermine democracy and free speech in India,” NDTV said in a statement.

“We have nothing against NDTV’s news coverage. They are accused of a financial fraud and it’s our duty to investigate,” a senior CBI official reportedly said.

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