Newsclick Editor-In-Chief
The Delhi High Court on Tuesday issued notice to news portal NewsClick Editor in Chief Prabir Purkayastha on a plea filed by Delhi Police’s Economic Offences Wing (EoW), seeking direction to vacate its interim order asking the probe agency not to take any coercive action against the news site.
Prabir Purkayastha not to be arrested
The high court, on July 7, 2021, passed an order directing that Prabir Purkayastha shall not be arrested, adding, however, that he will have to cooperate with the investigation as and when required by the investigating officer.
The bench of Justice Saurabh Benrajee on Tuesday sought a response from Purkayastha in the matter.
Deceitful Scheme
According to the EOW FIR, a case was registered under IPC sections 406, 420 and 120-B and an investigation was launched. During the probe, the sleuths gathered evidence indicating criminal acts.
The accused persons, in conspiracy with their accomplices based abroad, devised a deceitful scheme to obtain and receive funds for undertaking activities as per instructions received from their foreign-based benefactors, by disguising the funds received as Foreign Direct Investment.
The accused persons, in furtherance of their scheme, converted their entity into a private limited company and got their valuation inflated through manipulation of the valuation criteria and process, so as to use the inflated valuation to get foreign investment purportedly in lieu of dilution of their shareholding in favour of the foreign investors, stated the EOW.
Newsclick Editor In Chief joins the investigation
After seeking protection from arrest the petitioner Prabir Purkayastha joined the investigation and he merely provided the balance sheets of PPK Newsclick Studio Pvt. Ltd. for the financial year 2017-2018, 2018-2019, 2019-2020 but failed to provide closures of the balance sheets to check their source of revenue, expenditures, end use of funds FDI, and fund/revenue from foreign entities stated EOW.
The petitioner or accused also failed to provide information on what kind of export services were provided by their company PPK Newsclick Studio Pvt. Ltd. to the foreign entities against the fee/remittances paid by them, stated EOW.
Recently, the ED also moved Delhi High Court against Newsclick and its editor-in-chief through a fresh application stating that it was a case of grave criminal conspiracy for paid news.
(ANI)
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