Economy

NDTV's interim CEO Suparna Singh resigns after CBI books Prannoy Roy, others for alleged FDI norms violation

Updated : August 23, 2019 07:06 AM IST

Suparna Singh, the interim CEO of NDTV, has resigned from her role with immediate effect, the media company said on Thursday.

Singh, who was the former head of NDTV Convergence was named as its CEO in December 2017.

Suparna Singh, the interim CEO of NDTV, has resigned from her role with immediate effect, the media company said on Thursday.

Singh, who was the former head of NDTV Convergence was named as its CEO in December 2017.

"Suparna Singh has informed the company that she will step down from her responsibilities as Interim CEO with immediate effect," NDTV said in a regulatory filing.

NDTV said that the matter will be placed before board and committee members for consideration. It, however, did not divulge the details regarding the reason for her resignation.

The development came a day after NDTV’s promoters Prannoy Roy and Radhika Roy, and former CEO Vikramaditya Chandra were booked by the Central Bureau of Investigation (CBI) in connection with an alleged violation of foreign direct investment (FDI) rules.

Chandra was also booked under charges of criminal conspiracy, cheating and corruption, the agency officials said on Wednesday. It is alleged that the company floated 32 subsidiaries in several tax haven countries to bring foreign funds to India through sham transactions, they said.

NDTV's interim CEO Suparna Singh resigns after CBI books Prannoy Roy, others for alleged FDI norms violation

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