Interim NDTV CEO Suparna Singh has resigned from the position with immediate effect.
A letter from NDTV’s compliance officer to the National Stock Exchange as per SEBI requirements said Suparna Singh had been appointed to the post as per a NDTV board resolution dated December 4, 2017.
This was subject to approval from the Ministry of Information and Broadcasting and though the approval was applied for on December 12 that year, the approval was yet to come. In the meantime, she was holding the interim CEO post.
NDTV has been at the receiving end of the authorities and the resignation is being debated as yet another decision forced on the company in line with the troubles surrounding the company and its founders Prannoy Roy and his wife journalist Radhika Roy.
Suparna Singh has been working with NDTV since 1994 and was appointed CEO after journalist Vikram Chandra resigned from the position. She is credited with NDTV’s successes in the digital sphere when she was CEO of NDTV Convergence, which she headed before taking on responsibilities for the whole group.
Prannoy Roy and Radhika Roy are accused of money laundering and the case is under judicial scrutiny.The CBI accused the Roys of violating FDI norms. Though the couple have denied the charge, CBI registered an FIR against former CEO Vikram Chandra and a few unidentified bureaucrats for corruption, cheating and criminal conspiracy.