![]() ![]() 23 mins Many BJP cadres in Gujarat secretly support AAP and want to see their party's defeat, claims Kejriwal.He will be produced in a magistrate court at Nampally which is trying the accused. Venkatram Reddy and Vinayak Ravi Reddy respectively have already been arrested and released on bail. He is Director (Finance) and vice-chairman. P.K.Iyer is the third accused in the case against Deccan Chronicle Holdings Limited for defaulting loan repayment to Canara Bank. A CBI team from Bengaluru was said to have left for Bhubaneswar for interrogation of Mr. He was taken to Capital Hospital here for medical check-up and would be produced before Chief Judicial Magistrate court of CBI late on Saturday. Iyer had a role in submitting false financial statements in 2009-11 for availing corporate loans. >arrested in bank loan fraud case, but they were subsequently granted bail in by a lower court in Hyderabad.Īccording to CBI sources, Mr. Venkattram Reddy and managing director T. Bhoi said a case was registered in Hyderabad in bank loan fraud case and a non-bailable warrant was also issued for him.Įarlier, Deccan Chronicle Holdings chairman T. Subsequently, a team went into the hotel early in the morning and arrested him (sic),” said Satyabrata Bhoi, Deputy Commissioner of Police. Specific input about his hide out in the hotel was forwarded to us. “The Deccan Chronicle vice-president was on the run. Acting on a tip off, the city police entered the five-star hotel in the wee-hours of Saturday and apprehended him. ![]() ![]() Soon after his arrest, Commissionerate police handed over his custody to CBI. Iyer, who was wanted by CBI in the loan scam, had been staying in a city-based star hotel on a fake identity for past few months. Iyer, vice-chairman of Deccan Chronicle (DC) group, from a city-based hotel in connection with multi-hundred crore bank loan scam in Bhubaneswar on Saturday morning. ![]()
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