Gayatri Reddy Age, Husband, Family, Biography & More 2024

Controversies • Termination of Deccan Chargers: In September 2012, after enjoying for 5 years within the IPL and successful the title as soon as, the Hyderabad-based Deccan Chargers franchise, owned by Gayatri, was terminated from the IPL. The BCCI terminated the franchise after its homeowners declined the only real Rs. 900 crore bid from the PVP Ventures whereas promoting the franchise. However, in July 2020, a Bombay High Court-appointed arbitration tribunal dominated that the choice to terminate Deccan Chargers by the BCCI (Board of Control for Cricket in India) on grounds of contract breach was unlawful. The courtroom ordered the BCCI to pay a compensation of INR 4814.67 crores plus 10% curiosity from 2012 to the Deccan Chronicle Holding Ltd.

• Gayatri’s father and uncle arrested: On 14 February 2015, Gayatri’s father and paternal uncle have been arrested by the CBI in relation to a Canara Bank money-laundering case, and their arrest made headlines. According to a report, when the grievance was registered in opposition to the Reddys, T. Venkattram Reddy’s sports activities vehicles, posh bungalows, and different belongings have been seized. Reportedly, Gayatri and her mom’s jewelry, posh wardrobe, and flats have been additionally auctioned.

• Reddy family’s belongings seized: In the identical cash laundering case in opposition to the DHCL, the previous promoters of the agency, her father and uncle, have been the prime accused. In October 2020, the ED provisionally connected the immovable belongings value Rs 122.15 crore belonging to Reddys. Reportedly, the ED additionally seized the high-end automobiles of the Reddy family. The company had additionally hinted on the involvement of Reddys’ shut family members within the case.