{"id":1012473,"date":"2026-06-05T09:17:53","date_gmt":"2026-06-05T03:47:53","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1012473"},"modified":"2026-06-05T09:45:32","modified_gmt":"2026-06-05T04:15:32","slug":"cable-firm-md-held-by-ed-in-rs-899-crore-scam-in-bengaluru","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/06\/05\/cable-firm-md-held-by-ed-in-rs-899-crore-scam-in-bengaluru\/","title":{"rendered":"Cable firm MD held by ED in Rs 899 crore scam in Bengaluru"},"content":{"rendered":"<p>BENGALURU: The Directorate of Enforcement (ED), Bengaluru Zonal Office has arrested Karuturi Venkateshwara Rao, Managing Director of Deepak Cables (India) Limited (DCIL), under section 19 of the Prevention of Money Laundering Act, 2002 on Tuesday, as part of the investigation in the case of DCIL and others in the matter related to defrauding consortium of banks led by SBI. <\/p>\n<p>ED initiated a probe based on an FIR registered by CBI against DCIL, its MD, and others, for allegedly cheating a consortium of banks to the extent of Rs 899.35 crore by obtaining large credit facilities and diverting the loan funds.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BENGALURU: The Directorate of Enforcement (ED), Bengaluru Zonal Office has arrested Karuturi Venkateshwara Rao, Managing Director of Deepak Cables (India) Limited (DCIL), under section 19 of the Prevention of Money Laundering Act, 2002 on Tuesday, as part of the investigation in the case of DCIL and others in the matter related to defrauding consortium of banks led by SBI. ED initiated a probe based on an FIR registered by CBI against DCIL, its MD, and others, for allegedly cheating a consortium of banks to the extent of Rs 899.35 crore by obtaining large credit facilities and diverting the loan funds.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[74,4,17],"tags":[],"class_list":["post-1012473","post","type-post","status-publish","format-standard","hentry","category-broadcasting-the-new-indian-express","category-newspapers","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1012473","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1012473"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1012473\/revisions"}],"predecessor-version":[{"id":1012474,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1012473\/revisions\/1012474"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1012473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1012473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1012473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}