Deccan Chronicle group VC held for bank fraud

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.

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