The Enforcement Directorate has arrested Deccan Chronicle Holdings Private Limited (DCHL) promoters, T. Venkatram Reddy and P.K. Iyer on money laundering charges in a bank fraud case.
Uniindia: Hyderabad, June 14 (UNI) Enforcement Directorate (ED) on Wednesday arrested T Venkatram Reddy, promoter and former Chairman of Deccan Chronicle Holdings Limited (DCHL) in connection with the bank loan fraud and money laundering case.
The Enforcement Directorate had previously alleged that Deccan Chronicle Holdings Limited (DCHL) and its promoters had committed bank loan fraud worth over Rs 8,000 crore.
ED arrests Deccan Chronicle s T Venkattram Reddy, PK Iyer for bank fraud thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.