The noose, it is clear, is tightening around once-powerful media baron Ravi Prakash. Till recently he was the most powerful media player down south and built a massive media empire. He gave and took away jobs at will and rendered hundreds unemployed just because they dared to question him. But today, he is just Undertrial no. 4412, lodged in Chanchalguda prison.
After making huge money and lived off a life of luxury, these jet setters are now finding themselves at the wrong end of the law. They are now finding that Enforcement Directorate and the CBI are registering cases for money laundering and black mailing. Ravi Prakash is already facing cases under Sections 420, 418 and 409 of the IPS. A letter written by Rajya Sabha MP Vijay Sai Reddy to the Chief Justice of the Supreme Court has demanded that Ravi Prakash be booked for ill-gotten assets. The letter, which now doing rounds of social media, has said that Ravi Prakash has amassed money by violating provisions of FEMA, RBI regulations and evasion of income tax. Now the officials are collecting evidences for these violations.
Vijay Sai Reddy has also said that Ravi Prakash is linked to Moin Qureshi, who has duped several international banks and Sana Satish, who is already facing cases for duping people. He said Ravi Prakash has joined hands with several Kamma associations in the US and have resorted to Havala transactions by threatening Musaddilal Jewellers. He said Ravi Prakash is involved in forgery, land grab and blackmail in association with Qureshi and Sana Satish.
Vijaysai has also exposed how Ravi Prakash siphoned off funds from TV 9, of which he was the CEO. He said the hawala money was siphoned off to Kenya and Uganda and was invested in Kapala City Cable. Giving all details of Ravi Prakash’s investments in India and abroad, he demanded that the Government initiate a probe against him. He said he has also invested the laundered money in the factories set up in the name of his wife Devika.
It remains to be seen what the ED and other authorities will do with the information provided by Vijaysai Reddy.