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Deccan Chronicle group VC P.K.Iyer held for bank fraud

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Earlier the Chairman Venkatram Reddy was arrested...Now its vice chairman and promoter....Is Mr Iyer a crook?

[h=1]Deccan Chronicle group VC held for bank fraud [/h]

June 06, 2015 17:08


Odisha Police have arrested PK Iyer, Vice Chairman of the Hyderabad-based Deccan Chronicle group, from a five-star hotel in Bhubaneshwar last night.

Iyer, who was staying in a room booked in the name of a woman, had been on the run after CBI issued a non-bailable warrant against him. Iyer has been accused in a bank fraud, the police said.


"The commissionerate police nabbed Iyer following a specific input. Iyer was handed over to CBI after preliminary health check up at a local hospital," Commissioner of Police RR Sharma said today, adding that Iyer had been staying there for the past two months under a fake identity.


Earlier, he had stayed incognito in Kolkata and Port Blair before coming to Bhubaneswar, sources said

Deccan Chronicle group VC held for bank fraud
 
Another satyam type fraud. How canara and other banks can lend 4000 crores, bypassing all checks and rules.
 
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