Deccan Chronicle vice chairman held for fraud
Bhubaneswar, June 6: P.K. Iyer, vice chairman of the Deccan Chronicle Holdings Ltd. (DCHL), was arrested from a hotel here on Saturday in connection with an alleged loan fraud. Odisha Police later handed over Iyer, who was on the run, to the Central Bureau of Investigation (CBI), a police officer said. "The CBI was looking for Iyer in connection with an alleged fraud to the tune of Rs.357 crore from Canara Bank," said Deputy Commissioner of Police Satyabrat Bhoi. He said Iyer was staying in the hotel in the name of Chitra Athwani for about two months and was planning to flee in the next two-three days. Police sources said Iyer had stayed in Kolkata and Port Blair before coming to Bhubaneswar. The CBI will take him on transit remand for interrogation.