focus_keyword

Bad Boy Billionaires Hyderabad Civil Court restrains release of Netflix

News

focus_keywordfocus_keyword

The Hyderabad civil courtroom on September 1 restrained Netflix from releasing Dangerous Boy Billionaires which was set for September 2 launch, as a petition requesting the identical was filed by B Ramalinga Raju who was convicted within the Satyam Scandal.

The Netflix documentary based mostly on 4 Indian billionaires – Vijay Mallya, Subrata Roy, Nirav Modi and Ramalinga Raju, is described as an “investigative docuseries” that “explores the greed, fraud and corruption that constructed up – and finally introduced down – India’s most notorious tycoons”.

As per a report by The Information Minute, Ramalinga Raju filed a keep order to saying that it will invade his privateness in an illegal method and in addition claimed that the narrative contained half-truth which was designed to convey down his popularity.

What was the Satyam rip-off all about?

Over Rs 7,000 crore Satyam rip-off got here to mild in January 7, 2009 when Ramalinga Raju confessed that the corporate’s account books and income had been inflated over a few years to the tune of a number of crores of rupees.

He was arrested two days later based mostly on a grievance filed by some shareholders. The CBI had filed three chargesheets towards Raju and the opposite accused, charging them with dishonest, felony conspiracy, forgery, falsification of accounts, and breach of belief.

In April 2015, a particular CBI courtroom had sentenced him, his two brothers and 7 others for seven years in jail. Nevertheless, a month later, the metropolitan classes courtroom suspended their sentence and granted them bail.

Not simply B Ramalinga Raju, the opposite billionaires spoken about within the Netflix’s net sequence have apparently additionally come ahead. The Delhi Excessive Court docket on August 26 requested Netflix whether or not it could actually present a pre-screening of documentary ‘Dangerous Boy Billionaires’ to Mehul Choksi, an accused within the practically $2 billion Punjab Nationwide Financial institution (PNB) rip-off.

A courtroom in Bihar restrained Netflix from utilizing Sahara India Chairman Subrata Roy’s identify within the net sequence, after whichNetflix moved the Supreme Court docket towards the order.

First Printed on Sep 2, 2020 12:53 pm

Source

Leave a Reply

Your email address will not be published. Required fields are marked *