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)

Loading...
iocl
iocl