Name T Reddy | Children Gayatri Reddy | |
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Cbi arrests deccan chronicle chairman t venkattram reddy on charges of loan fraud
T. Venkattram Reddy, a newspaper baron and chairman of the Deccan Chronicle, or DC as it is often referred to.
Contents
- Cbi arrests deccan chronicle chairman t venkattram reddy on charges of loan fraud
- Deccan Chronicle chairman T Venkattram Reddy arrested by CBI for bank fraud
- Career profile
- References
His company DCHL, is likely to witness a change in Management; since, he is unable to service the accumulated debts & lenders are likely to take Full Control of his company.
It is the third highest circulation English-language daily newspaper in India especially in Deccan area from where it derives its name, with a readership of over 1.1 million.
Published in Hyderabad, India by Deccan Chronicle Holdings Limited. He owned the IPL franchise Deccan Chargers. T.V.Reddy was also elected by The Indian Newspaper Society as President for the year 2009-10, succeeding Hormusji N. Cama of Bombay Samachar Weekly.Gayatri Reddy is his daughter..
Deccan Chronicle chairman T Venkattram Reddy arrested by CBI for bank fraud
Career profile
T. Venkattram Reddy spearheaded Deccan Chronicle from the young age of 21, his sibling, T Vinayak Ravi Reddy, had been managing the operations of Deccan Chronicle since late 1970s, from whom he took over. T. Venkattram Reddy's team Deccan Chargers won the IPL trophy for the 2009 season. Under the Deccan Chargers banner are run year-round sports activities in schools and colleges to promote sports and find talent. The last 20 years has seen a remarkable turnaround for DC - from a modest regional paper to a paper of national repute. Today he runs a group of publications under the DCHL platform: Deccan Chronicle – the largest English newspaper by circulation in South India, published from 7 centres in AP, Chennai and Bengaluru; The Asian Age - which has editions in New Delhi, Mumbai, Kolkota and London; Financial Chronicle - the business daily which is published from New Delhi, Hyderabad, Mumbai, Chennai and Bangalore; Andhra Bhoomi - a Telugu newspaper, published from Hyderabad and six centres in Andhra Pradesh; Andhra Bhoomi Sachitra Vara Patrika - a weekly general interest magazine that serialises stories from eminent writers; Andhra Bhoomi Sachitra Masa Patrika - a monthly Telugu magazine which carries novels and novellas by well-known writers; Andhra Bhoomi Panchangam - a widely followed annual almanac for Andhra Pradesh.
His contribution towards the Hyderabad Race Club has been immense and currently owns many horses at the Malakpet stable. His horses participate in the races all over India i.e. Bangalore, Mumbai, Hyderabad, etc. on a regular basis and have won many trophies which are proudly displayed in his head office in Secunderabad. He also has a museum with lot of artefacts dedicated to the printing press.
He was arrested on February 8, 2015 in Hyderabad by CBI for defaulting on his loans taken using false documents. The Consortium of Lenders are likely to take control of DCHL
