Media baron T Venkatrama Reddy, Deccan the former  owner of Deccan Charger team of IPL has been granted bail. The Nampally court  granted him bail  against a personal guarantee of Rs. 5 lakhs  in the case of cheating nationalized banks with fake documents for huge loans of over Rs.370 crore. Venkaram Reddy, his brother Vinayak Ravi Reddy and associate P K Iyer  were arrested on February14 by the CBI on the complaint of Canara bank for defrauding the bank of Rs.370 crore with fake stock certificates of DCHL.