CBI files case against Deccan Chronicle over â¹30.54 cr fraud
The CBI has booked Deccan Chronicle Holdings (DCHL) and its Chairman T Venkattram Reddy for allegedly causing loss of â¹30.54 crore to United India Insurance Company (UIIC). In 2011, some UIIC officials deliberately by-passed UIIC's investment committee to make investments in DCHL which were not repaid after maturity. DCHL had issued three cheques of â¹10 crore but they were dishonoured.