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.
Mohammad Zubair bail: Supreme Court extends interim bail of Mohammad Zubair, seeks reply from UP government
Alt News co-founder Mohammad Zubair gets interim relief from Supreme Court in the UP case. The apex court extended Zubair's interim bail till further orders. His petition will now be heard on
Manjhi loyalist MLA files plea against Nitish re-election
Patna, Feb 9 (IANS) Bihar Chief Minister Jitan Ram Manjhi's loyalist JD-U MLA Rajeshwar Raj Monday petitioned the Patna High Court against party president Sharad Yadav who, he contended, illegally
Ear tag to help learn more about tuna
Kochi, Feb 7 (IANS) An ear tag for tunas - aimed at knowing more about the fish's aquatic life - is now ready.The Hyderabad-based Indian National Centre for Ocean Information Services (INCOIS)
Chandrayaan 3 Landing: At what speed will Chandrayaan-3 land on the moon… understand what the lander and rover will do
Chandrayaan 3 Mission: Four years after the failed Chandrayaan 2, Chandrayaan 3 will make its soft landing on the surface of the Moon on Wednesday (August 23) at 6.4 pm.
Netflix News: Netflix profile transfer feature is also available in India, know how to use
Netflix Profile Transfer feature: Netflix has recently launched a new feature called 'Profile Transfer' to prevent sharing of passwords on its platform. At the launch, the company said that it has
Baby Survives Birth in train toilet, fall onto track!
Jaipur, Feb 16 (IANS) A baby boy delivered inside a toilet of a train by a woman slipped through the flush pipe and fell on railway track but survived miraculously in Rajasthan's Hanumangarh
If coal is exhausted, 5 to 6 house lights out of every 10 in India will go off, know in how many years coal will be exhausted from the world
We had a lot of fun over coal. No? So by now, you must have come to know what all the hustle and bustle is on. That's why I will not talk about the India rating report which says that by October 10,
India-Canada dispute: 'PM Trudeau making allegations without solid evidence is unfortunate', USISPF chief targets
Tension is increasing between India and Canada regarding the killing of terrorist Najjar. Meanwhile, the USISPF has termed as unfortunate the Canadian PM Justin Trudeau's allegations against India
Lok Sabha Election 2024: Consensus reached in MVA on seat sharing in Maharashtra, know who will contest on how many seats
Seat sharing has been announced in Mahavikas Aghadi. In Maharashtra, Shiv Sena (Uddhav faction) will contest 21 seats, NCP, SCP on 10 seats and Congress on 17 seats.
RBI will transfer surplus amount of 99,122 crore rupees to the central government, RBI board approves
The Central Board of the Reserve Bank of India (RBI) on Friday gave its approval to the proposal to transfer a surplus amount of 99,122 crore rupees to the Central Government. A statement issued by
