ED arrests former promoter Venkatram of DCHL in money laundering case ...Middle East

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ED arrests former promoter Venkatram of DCHL in money laundering case
The Enforcement Directorate has arrested T Venkatram Reddy, a former promoter of the Deccan Chronicle Holdings Limited (DCHL), as part of a money laundering investigation linked to an alleged bank fraud case, official sources said on Tuesday. Reddy was taken into custody under the Prevention of Money Laundering (PMLA) by the federal agency's Hyderabad office, they said. The agency had said in 2020 that its probe found that "the three promoters of DCHL namely P K Iyer, T Venkatram Reddy and T Vinayakravi Reddy hatched a well planned conspiracy and manipulated the balance sheets of the company inflating the profits-advertisement revenue and grossly under-stated the financial liabilities of the

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