Reportedly ravi Prakash, journalist and the former CEO of Associated Broadcasting Company Private Limited (ABCPL), the parent company of TV9, was taken into custody by the Banjara Hills police on Saturday morning. Meanwhile the police in hyderabad are presently investigating a case of forgery and cheating against ravi Prakash, who was forced to step down earlier this year, after the Board of ABCPL passed a resolution revoking all powers vested with him.
When speaking to TNM, the police confirmed that they had taken ravi Prakash into custody. Furthermore in a complaint filed with the Banjara Hills police in September, the company's new management had alleged that ravi Prakash and Murthy drew "huge sums from the bank accounts of the company without substantiating any entitlement under law or following the prescribed procedure".
Moreover according to the complaint, ravi Prakash drew a total of Rs 6.36 crore between September 2018 and May 2019, while Murthy drew Rs 5.97 crore during the same time period, and allegedly tried to pass it off as a bonus and ex-gratia with "antedated documents without passing a proper board resolution." Perhaps the complaint stated that the Board of Directors held a meeting on September 24, where they had detailed deliberations on the withdrawal of the amounts and decided to initiate legal proceedings to recover the money.
