DCHL bosses booked

IN Media Watch Briefs | 09/07/2013

The Central Bureau of Investigation CBI today booked Deccan Chronicle Holdings Ltd (DCHL) chairman T. Venkatrami 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 Bangalore-based bank, allegedly suffered a loss of Rs.357.77 crore due to the fraud. The CBI conducted searches at the DCHL office and the residential premises of the accused. (IANS)

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