Former TV9 CEO Ravi Prakash arrested for siphoning off ₹18 crore

Hyderabad police have arrested ex-TV9 CEO Ravi Prakash for allegedly diverting company funds to personal accounts in the name of bonus. The company's new management alleged that Prakash had fraudulently diverted ₹6.36 crore into his account and another ₹5.97 crore each into the accounts of other directors MKVN Murthy and Clifford Pereira. Alanda Media and Entertainment acquired TV9 last year.