Yet another Rs 1,394 cr bank fraud, now in Hyderabad
Hyderabad: Yet another bank fraud has come to light, with the CBI filing a case against Hyderabad-based Totem Infrastructure Ltd (TIL) for allegedly defrauding a consortium of eight banks led by Union Bank of India (UBI) to the tune of Rs 1,394 crore.
The Central Bureau of Investigation (CBI) issued lookout circulars against TIL's promoters and directors -- Tottempudi Salalith and his wife Tottempudi Kavitha -- whose whereabouts were reportedly not known. Salalith is also director in 10 other private firms dealing in road construction.
A CBI team also carried out raids here at two places after filing the FIR against the firm, its promoters and directors and other unidentified public servants. The raids were conducted at the residential and office premises of the firm and accused persons.
The CBI on Thursday filed the case on the basis of a complaint filed by UBI's Industrial Finance Branch (Hyderabad) which alleged to be cheated Rs 313.84 crore by the firm.
State Bank of India, which tops the list with Rs 357.64 crore of loans, is followed by UBI (Rs 313.84 crore), Bank of Baroda (Rs 208.67 crore), IDBI (Rs 174.47 crore), Punjab National Bank (Rs 126.30 crore), Oriental Bank of Commerce (Rs 79.96), JM Financial Asset (Rs 69.07 crore) and Syndicate Bank (Rs 64.48 crore).
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Allahabad HC dismisses petition seeking permission to mount loudspeaker on mosque
Prayagraj, Jan 24 (PTI): The Allahabad High Court on Wednesday dismissed a writ petition seeking direction to the state authorities to permit the mounting of loudspeakers on a Masjid.
The court observed that the religious places were for offering prayers, therefore the use of loudspeakers was not a matter of right.
Dismissing the writ petition filed by Pilibhit-resident Mukhtiyar Ahmad, a two judge-bench, comprising Justice Ashwani Kumar Mishra and Justice Donadi Ramesh, observed, "Religious places are for offering prayers to the divinity and use of loudspeakers cannot be claimed as a matter of right, particularly when often such use of loudspeakers create nuisance for the residents".
At the outset, the state counsel objected to the maintainability of the writ on the grounds that the petitioner was neither a mutawalli, nor did the mosque belong to him.
The court also noted that the petitioner did not have locus to file the writ petition.
The term 'locus' is a legal concept that refers to the right of a person or entity to participate in a legal proceeding or bring a lawsuit.
