(Image source from: Manatelangana.news)
Ravi Prakash's Judicial Custody Extended:- Tv9 ex-CEO Ravi Prakash was sacked from his position this May and the new management Alanda Media filed a bunch of cases against him. A new case has been filed recently saying that Ravi Prakash misused and diverted Rs 18 crore funds from ABCL when he worked as a CEO. Ravi Prakash was recently taken into custody and he applied for a bail petition which came to hearing today. The Nampally court granted judicial custody for Ravi Prakash.
Banjara Hills cops requested for judicial custody for ten days and the Nampally court granted permission. Ravi Prakash was arrested on October 5th regarding corporate fraud. Ravi Prakash earlier made sensational comments on industrialist Rameshwar Rao who acquired the major stake in tv9 after which he was asked to leave. Ravi Prakash says that there is a detailed balance sheet of the funds spent and he claimed that the amount was transferred to the employees as a bonus from the past few years.