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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Mamata’s allegations on Bengal SIR baseless, exaggerated: BJP's Suvendu
Kolkata (PTI): Leader of the Opposition in the West Bengal Assembly, Suvendu Adhikari, on Sunday termed Chief Minister Mamata Banerjee's allegations over the ongoing SIR in the state as "baseless and exaggerated", and accused her of trying to derail the electoral roll revision exercise for political reasons.
In a post on X, Adhikari also said he has written to Chief Election Commissioner Gyanesh Kumar, and claimed that the Special Intensive Revision (SIR) of the electoral rolls was "exposing the rot in the voter lists - bogus entries, duplicates, and infiltrators that have been nurtured under the TMC's watch for years".
The BJP leader alleged that the SIR exercise was "damaging the TMC's electoral prospects", and that's why the CM was resorting to hysteria".
Banerjee had on Saturday written to the CEC, alleging that the ongoing SIR of electoral rolls has been turned into an exercise to exclude voters rather than correct records.
In her third letter to Kumar since the beginning of SIR, the chief minister accused the Election Commission of "political bias, insensitivity, and high-handedness" during the exercise.
“I would again reiterate that her claims are nothing but a desperate attempt to derail this crucial process, which is exposing the rot in our voter lists - bogus entries, duplicates and infiltrators that have been nurtured under TMC’s watch for years,” Adhikari alleged in the post.
In his letter to the CEC, dated January 10, the leader of the opposition described the chief minister’s objections as a “politically motivated attempt” to obstruct the SIR and termed the ECI’s move as "essential to ensure free, fair and transparent" elections in the state.
"The chief minister’s portrayal of this exercise as ‘unplanned, insensitive and inhuman’ is nothing short of a gross exaggeration, blown out of proportion to create public hysteria and shift focus from her government’s failures," the BJP leader alleged.
He claimed that the SIR exercise had "exposed vulnerabilities in the electoral rolls that threatened the ruling party’s electoral prospects", triggering what he termed “unfounded outbursts” from the state administration.
On December 16, the Election Commission published the draft electoral rolls after the first phase of the SIR, with the electorate dropping from 7.66 crore to 7.08 crore following the deletion of over 58 lakh names.
The second phase, which began on December 27, involves hearings of 1.67 crore electors under scrutiny, including 1.36 crore flagged for logical discrepancies and 31 lakh whose records lack mapping.
The LoP urged the Election Commission to continue the voter list revision exercise with diligence, asserting that the SIR is a routine constitutional process and should not be politicised.
