Yet another Rs 1,394 cr bank fraud, now in Hyderabad

Vartha Bharati | 23-03-2018 | 08:50:00 IST

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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Japanese national duped of Rs 35.5 lakh after 'digital arrest' in Bengaluru

27-12-2024 ¦ 27-12-2024 IST

Representational Image | PC: Meta AI

Bengaluru, Dec 26: A Japanese national, Hiroshi Sasaki, who works in Bengaluru, lost Rs 35.5 lakh after being 'digitally arrested' by cyber fraudsters, police said, on Thursday.

The incident occurred between December 12 and 14, police added.

Sasaki, who lives in a flat near Dairy Circle, received a phone call on December 12. The caller was claiming to be from the Telecom Regulatory Authority of India. The caller informed him that his phone number would be blocked due to its unauthorised use.

To avoid the disconnection Sasaki was asked to dial a number.

Upon dialling the number, he was immediately connected to a WhatsApp call from someone claiming to be from the Cyber Crime wing of Mumbai Police. The caller informed Sasaki that he was involved in a money laundering case.

The fraudsters "digitally arrested" him and siphoned off Rs 35.5 lakh by having him make payments through various means, including RTGS.

He was also told that the money would be returned after the investigation was completed.

After realising that he had been duped, the victim approached the South East Cyber Crimes, Economics and Narcotics (CEN) police station and lodged a complaint.

'Digital arrest' is a new cyber fraud, where the fraudster poses as law enforcement agency officials from agencies like CBI, and customs and threatens people of arrest by making video calls.

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