We will not succumb, says NDTV in a statement after CBI raids Prannoy Roy

CBI registered a case for causing an alleged loss to ICICI Bank to the tune of Rs 48 crore

The Central Bureau of Investigation on Monday registered a case against NDTV founder Prannoy Roy, his wife Radhika Roy, a private company and others for causing an alleged loss to ICICI Bank to the tune of Rs 48 crore, ANI reported.

Media reports said that according to the first information report (FIR) filed, the loan amount defaulted by Roy is for a company named RRPR holdings private limited.

The CBI also carried out searches at Roy's residence at Greater Kailash-I in New Delhi. 

NDTV has released a statement after the raids that says:

This morning, the CBI stepped up