Do not stop the bank-related fraud and the billions of rupees scam finishing. The scams connected to one bank are coming out after one. In a new scandal, CBI has registered a case against Totem Infrastructure for the scam involving Rs 1,395 crore.
The Central Bureau of Investigation (CBI) has filed a case against Union Bank of India (UBI) on the complaint against Totem Infrastructure Ltd (Hyderabad) situated in Gurugram, after the company and its promoters and director Tottempudi Salalith and Tottempudi Kavita. The company is alleged to have scamped up Rs 1,395 crore by scamming 8 banks. In its complaint to the CBI, the Industrial Finance Branch of Union Bank of India had alleged that the company fraudulently bundled 303.84 crores with the bank.
Published On : 23 Mar 2018