NDTV raids: CBI move will make bankers jittery, hurt banking sector – Money Perception

As reported by HT, the CBI has cited this order while filing a case of bank fraud against NDTV founders Prannoy Roy, his wife Radhika and unnamed officials of the ICICI Bank.

But experts and lawyers have pointed to the pitfalls of the change in the definition of a public servant.

“The rationale of making public servants liable for their action is because they are trustees of public money. But private bank officers are answerable to their shareholders and there are provisions in the companies act to monitor their actions,” senior Supreme Court advocate KTS Tulsi said.