NDTV has received a showcause notice from the Enforcement Directorate alleging violations of foreign investment rules adding upto 4,000 crores.
NDTV rejects any allegations of violating FEMA regulations.
NDTV maintains that it is being targeted for its fair and independent journalism and that its persecution is intended to signal to other media that unless they fall in line, they will face similar consequences.
Raids on media owners are further evidence of this.
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