Hyderabad, Feb 14 (IANS) The Central Bureau of Investigation (CBI) Saturday arrested T. Venkattram Reddy, chairman of Deccan Chronicle Holdings Limited (DCHL), in a case of bank loan fraud.
A team of CBI officials questioned Reddy, the owner and publisher of English daily Deccan Chronicle with regard to the loans he had taken from Canara Bank, before taking him in custody, said sources in the investigating agency.
The CBI officials from Banking Security and Fraud Cell, Bangalore, quizzed him on various issues related to the bank loans. He was then taken to government-run Osmania General Hospital for a medical examination.
The DCHL chairman is likely to be produced before a magistrate larer.
Reddy, earlier promoter of Indian Premier League team Deccan Chargers, along with vice chairman and managing director of DCHL, were booked by the CBI for cheating, conspiracy and fraud in 2013, following a complaint by the bank.
The Canara Bank alleged that they availed loans and cash credit aggregating to Rs.A1,230 crore by submitting false and fabricated financial statements and by suppressing the borrowings taken from other banks.
The bank claimed that the total loss caused to it was approximately Rs.357.77 crore.
LIC IPO: LIC's IPO is opening for common investors from today, will be able to bid till May 9
Insurance sector giant LIC's IPO will open for common investors from Wednesday i.e. today. Common investors will be able to bid on it till May 9. The IPO was opened for anchor investors on Monday and
People getting harassed on Cowin portal: registration of people of 18+ age will start from 4 pm; Appointment will be available on availability of private and state government centers
Vaccination of people 18 and older in the country will start from May 1. Registration for this has to start from today i.e. 28 April. The government announced the date for registration, but at what
China has a keen eye on these two bravehearts, even if they try to infiltrate, they will get a proper answer
New Delhi: There has been a news increasing tension on the border of India and China i.e. Line of Actual Control. China has again crossed its limit on LAC. In the same week, a Chinese Army helicopter
Inflation hit Bangladesh: Petrol and diesel prices increased by 52% for the first time since 1971, and angry people took to the streets
People in Bangladesh are troubled by inflation. Here the government has increased the prices of petrol and diesel by up to 52%. Angered by this, people protested in many places. According to media
Sri Lanka plot perfect swansong for veterans (World Cup team profile)
Christchurch, Feb 9 (IANS) Neither heavyweights nor makeweights - that is how Sri Lanka are being seen by their opponents ahead of the cricket World Cup which commences Feb 14.They are not being
Arvind Kejriwal: Will Kejriwal get relief or not? Delhi High Court will give its verdict today on the petition challenging the arrest.
The Delhi High Court will pronounce its verdict this afternoon on Chief Minister Arvind Kejriwal's petition challenging his arrest in a money laundering case related to the excise scam.
Rishi Sunak: Rishi Sunak's appointment is a surprise for Pakistan, IAS officer Shah Faesal praises India
There is as much talk of Britain's new Prime Minister Rishi Sunak as in Britain. More than that in India. A war of words is going on between Congress and the BJP over this. Meanwhile, IAS officer Shah
Rose Valley employees attack journos, Three injured
Kolkata, March 26 (IANS) Three media persons on Thursday sustained minor injuries in an assault by employees of Rose Valley while reporting on developments surrounding the arrest of the chief of
Petrol Diesel Price: Oil companies have released the prices of petrol and diesel, know how much are the prices in your city today
Oil companies have released the prices of petrol and diesel for today. Today companies have not made any change in oil prices. Last week, the government announced to reduce the prices of petrol and
MIUI 13 Rollout: Xiaomi launches MIUI 13, know which smartphone users will get this new update
Xiaomi Redmi MIUI 13: Xiaomi has officially launched MIUI 13 in India. It is going to come in different Mi, Xiaomi, and Redmi-branded smartphones in the coming time. With MIUI 13, Xiaomi says it will