CBI files case against Deccan Chronicle Holdings Ltd in Rs.30 cr fraud case

ANI | Updated: Mar 23, 2018 18:23 IST

New Delhi [India] Mar 23 (ANI): The Central Bureau of Investigation (CBI) on Friday filed a case against Deccan Chronicle Holdings Ltd, its chairman T Venkattram Reddy, CARE Rating Agency and officials of United India Insurance Company Ltd for a fraud worth Rs. 30.54 crore.

The United India Insurance officers made suspicious investments in the privately placed short-term unsecured redeemable non- convertible debentures by Deccan Chronicle Holdings in 2011 in violation of the regulations.

The suspected offenses include criminal conspiracy, cheating and criminal misconduct by the public servant. (ANI)