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ED Arrests Former DCHL Chairman Venkatram Reddy in Hyderabad Money Laundering Case

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Former Chairman of Deccan Chronicle Holdings Limited, T Venkatram Reddy, was arrested for bank loan fraud and money laundering by the Enforcement Directorate (ED). Reddy and others allegedly obtained loans from different banks using the same titles, resulting in fraud and money laundering. The company had defaulted on loans, leading to criminal charges against Reddy and DCHL. Properties and shares were already attached by lenders, and assets worth Rs 122.15 crore were attached by ED. Reddy's ostentatious lifestyle drew attention.

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