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.
A 32-year-old iron footbridge built on the Indrayani River collapsed on Sunday afternoon in the M
Experienced Indian batsman Karun Nair has failed to retain his place in the team for next month's
Saiyyaraa is ruling the box office like a king right now. The way Mohit Suri's Ahaan Pandey and A
The ASI team reached the campus on Thursday morning for an investigation into the Gyanvapi campus
In the future, people will have to take a booster dose even after two doses of the vaccine to pre
Inflation: Growth rate of service sector lowest in four months due to high inflation
The pace of activity in the country's services sector slowed down to a four-month low in July thi
Action hero Bruce Willis said goodbye to films, took this decision due to his serious illness
The family of Hollywood action hero Bruce Willis announced on Wednesday that the actor is quittin
Italian women recited verses from Ramayana and 'Shiv Tandava' to Yogi, and CM gave this reaction.
Neither did they know Hindi nor Sanskrit well, yet as soon as the three Italian women sang Mangal
The sale of the renowned IPL franchise, Royal Challengers Bangalore (RCB), has now reached its fi
Politics has now heated up in the Tikunia area of Lakhimpur Kheri after eight people were k
