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Foreign Funding Case: HC Quashes FIR, ED Case Against NewsClick, Founder

The court found no incriminating evidence after 1.5 years of ED scrutiny and said the case was a gross abuse of legal process.

  • On Wednesday, the Delhi High Court quashed the Economic Offences Wing's FIR against NewsClick and founder-editor Prabir Purkayastha, dismissing allegations of foreign direct investment violations.
  • The 2020 case alleged NewsClick received Rs 9.59 crore from Worldwide Media Holdings LLC via overvalued shares to bypass regulatory caps, prompting an Enforcement Directorate money laundering investigation.
  • Citing policy records, Justice Neena Bansal Krishna noted no foreign investment cap existed for digital news in 2018 and dismissed claims that salaries and rent constituted siphoned funds.
  • Describing the investigation as a "fishing and roving exercise," the court ruled the case was "nothing but a gross abuse of the process of law" due to lack of evidence.
  • With the predicate FIR quashed, the Enforcement Directorate's related money laundering proceedings were simultaneously dismissed, providing relief to the outlet after years of intense regulatory scrutiny.
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thechenabtimes.com broke the news on Wednesday, June 10, 2026.
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