The Delhi police on Saturday arrested newspaper baron and chairman of Deccan Chronicle Holdings Ltd (DCHL) T Venkattram Reddy for allegedly beating up a private finance adviser and threatening to kill him, police said.
Police have also arrested Reddy’s driver Rakesh who was accompanying him and his four other associates to threaten the adviser, Munish Makkar, at his residence in south Delhi’s Mehrauli.
Later in the day on Saturday, Reddy and his driver were produced before a city court which sent them to police custody for three days.
Reddy was last arrested in February this year in Hyderabad by the CBI’s Bengaluru-based Banking Securities and Fraud Cell for allegedly causing a loss of over Rs 350 crore to Canara Bank.
Senior police officers said Reddy was released on bail in the first week of April. On April 29, he, along with Rakesh and four other associates, went to Makkar’s home and allegedly threatened him with guns. Makkar was also allegedly hit with the butt of a pistol. Police said investigation revealed that Makkar had helped Canara Bank collect evidence against Reddy on the basis of which the CBI was roped in.