Police has filled the criminal case of forgery and cheating against the TV 9 CEO V Ravi Prakash. The charges became known when Police sleuths struck the TV 9 workplaces and Ravi Prakash’s house both in the region of Banjara Hills Police station in Hyderabad on Thursday dependent on a grumbling by Pulluri Kaushik Rao.
It is being accounted for that Ravi Prakash had redirected organization funds and furthermore forged the signature of Pulluri Kaushik Rao, one of the chiefs of Alanda Media and Entertainments Private Limited which had as of late purchased a 80% stake in TV 9 as of late. Telangana police authorities are watchful for Ravi Prakash, who is said to be abroad.
Theory was overflowing that Chintalapati Srinivasa Raju, prevalently known as Srini Raju, the real financial specialist in ABCL under the aegis of his speculation firms iLabs Ventures and Chintalapati Holdings was intending to sell his stake in TV9. This was affirmed by Srini Raju who told a main business every day that the estimation of the substance was pegged at Rs 450 Crore and was nearly done .
It is said that four speculators, including two noteworthy international funds have met up to purchase out the more than 80 percent stake. He had been holding stakes in TV9 for more than 14 years and it was accounted for that Ravi Prakash would hold the administration of ABCL, as the CEO.
Obviously Ravi Prakash had likewise begun a parallel organization which is running a Telugu news and diversion gateway focused at the NRI gathering of people working in indistinguishable premises from the TV 9 office.