Union Bank of India cheated for 313 crores by Hyderabad firm….

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HYDERABAD: A Hyderabad-based company has recently entered into companies that are banking for hundreds of crores of rupees. Hyderabad-based company Totem Infrastructure Limited, a company owned by Union Bank of India (UBI) 313 crores.

 

The CBI has registered a case against the Central Bureau of Investigation (CBI) in connection with the complaint filed by the UBI Finance Department. Utovi complained to Tomat Infrastructure Ltd. promoter Thottumpudy Salalith and director Thottumpady poetry. Totem Infrastructure Limited has taken over various projects like roads construction, waterworks and buildings construction.

 

Totem Infrastructure Ltd has taken a huge amount of debt from the eight banks consortium for the company’s needs. According to UBI complaint, Totem Infrastructure Ltd and Rs. 1,394.43 crores is to be paid. In 2012, UbI made the loan of the company to NTP. According to latest reports, the CBI has been caught by owners of the totem infrared Ltd.

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