The Central Bureau of Investigation (CBI) Tuesday booked Deccan Chronicle Holdings Ltd (DCHL)
chairman T. Venkatrama Reddy and two others for cheating and criminal conspiracy.
The investigating agency registered the case under Sections 120-B read with Section 420, 468 and
471 of the Indian Penal Code with the "fraud" perpetrated at Canara Bank's prime corporate
branch, Secunderabad.
The CBI, in a release, said the case was also booked against DCHL vice-chairman, managing
director and its auditors.
The agency took the action on a complaint by the Bangalore-based bank, which allegedly suffered a
loss of Rs.357.77 crore due to the fraud. The CBI officers had Monday conducted searches at the
DCHL office and the residential premises of the accused.
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Deccan Chronicle chairman Venkat Rami Reddy accused of cheating Canara Bank Video News at
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chairman T. Venkatrama Reddy and two others for cheating and criminal conspiracy.
The investigating agency registered the case under Sections 120-B read with Section 420, 468 and
471 of the Indian Penal Code with the "fraud" perpetrated at Canara Bank's prime corporate
branch, Secunderabad.
The CBI, in a release, said the case was also booked against DCHL vice-chairman, managing
director and its auditors.
The agency took the action on a complaint by the Bangalore-based bank, which allegedly suffered a
loss of Rs.357.77 crore due to the fraud. The CBI officers had Monday conducted searches at the
DCHL office and the residential premises of the accused.
Visit Video News at http://newsmasthi.com/player.php?pid=37441
Deccan Chronicle chairman Venkat Rami Reddy accused of cheating Canara Bank Video News at
http://newsmasthi.com/player.php?pid=37333
And Also Visit More Political and Movie News at Newsmasthi
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