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Deccan Chronicle MD Arrested

By   /  February 14, 2015  /  No Comments

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Deccan Chronicle MD Venkatrami Reddy got Arrested by CBI today evening in Hyderabad. From most recent one hour he is being interrogated at CBI Koti Office.

CBI Banking Security and Fraud Cell has took the Deccan Chronicle MD as he took credits from different banks by hoodwinking them with false archives.

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It is charged that Venkatrami Reddy took a loan to the tune of 700 crores from different banks utilizing fake reports and by scaling the estimations of benefits utilizing fake means. Before long, he possibly moved to Bangalore as the protest was held up there.

Back in 2013, Canara Bank approached CBI with a request to  put hold on Deccan Chronicle Holdings Limited. CBI has then looked different areas and places of DCHL chiefs including printing press of Deccan Chronicle every day. Likewise an alternate fund organization loaned 100 crores to Deccan Chronicle and recorded a case in Chandigarh as DC neglected to reimburse.

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