Deccan Chronicle directors surrender in court, get bail

Deccan Chronicle

Two directors of Deccan Chronicle Holdings (DCHL), including the chairman T Venkattram Reddy, surrendered before a civil judge here on Friday. Both were granted bail on a surety of Rs 20 lakh each.

Deccan Chronicle head office sealed

Warrants were issued against all directors of DCHL, including T Venkattram Reddy, vice-chairman and MD T Vinayak Ravi Reddy, vice-chairman and authorised signatory P K Iyer, directors Menakuru Sukumar Reddy, Karthik Iyer Parasuraman, Pendyal Siddhartha and Venkaparamani Suresh in a cheque-bounce case filed by Religare Finvest.

CBI files case against Deccan Chronicle chairman for cheating Canara Bank

The court had granted non-bailable warrants against all directors till they appeared in person.

Deccan Chronicle Holdings promoters' properties attached

DCHL had issued two cheques dated July 1, 2012, and another two cheques dated August 1, 2012, amounting to Rs 6 crore in favour of Religare Finvest. The cheques bounced and subsequently an FIR and a criminal case under Section 138 were filed.

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