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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Odisha: Medical College expels 5 MBBS students from hostel for ragging juniors
Berhampur (Odisha), Nov 2: Five MBBS fourth-year students of government-run MKCG Medical College here were expelled from the hostel for allegedly ragging juniors, an official said on Saturday.
Earlier the five students have been rusticated from the campus for six months. The punishment was imposed as per the decision of the anti-ragging committee meeting held on Wednesday, the official said.
"The anti-ragging committee has taken such a hard decision to arrest further occurrence of ragging incidents in the medical college campus," said SP (Berhampur) Sarvan Vivek M, who is one of the members of the anti-ragging committee of the college.
Suchitra Dash, in-charge Dean of the college, however, declined to comment on the development.
The SP said they were also investigating separately against these students based on the FIR lodged. The statement of the students have been recorded by the police on Friday, he said.
While one second-year MBBS student has given a written complaint to the college authorities alleging ragging by senior students, three other complaints of ragging were lodged by parents of the students with the National Medical Council (NMC).
The NMC had directed the college authorities to inquire into the allegations and take action against the students.
After receiving the complaints from the NMC, the anti-ragging committee of the medical college inquired into the matter.
In February this year, the medical college authorities had suspended two fourth-year MBBS students for two months for ragging a second-year student.
