Page 10 - Rayapati Sambasiva Rao News Today : Breaking News, Live Updates & Top Stories | Vimarsana
CBI Detects Two New Bank Frauds Worth Rs 8,239 79 Crore; Firms In Hyderabad, Chennai Booked
moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
CBI Raids At Rayapati’s House Published by GulteDesk December 18, 2020
TDP senior leader and ex-MP Rayapati Sambasiva Rao’s residence in Guntur is being raided by the CBI. On Friday morning, the CBI reached Rayapati’s residence at around 8 AM and carried out these raids. Also we hear that other properties owned by Rayapati are also being searched.
According to the media reports, the CBI officials are scrutinizing the documents related to the Transstroy company which is owned by Rayapati. The CBI has information that Rayapati has received Rs 300 crore from several banks in the form of loans. The repayment to the banks is yet to be done and the CBI is digging more details in this information.
CBI books Hyderabad-based Transstroy (India) Ltd for Rs 7,926-crore bank fraud, carries out searches
NEW DELHI: The CBI has booked Hyderabad-based Transstroy (India) Ltd and its directors for alleged bank fraud of over Rs 7,926 crore in a consortium led by Canara Bank, in the biggest banking scam in the country so far surpassing the amount misappropriated by diamantaire Nirav Modi, officials said on Friday.
The agency carried out searches at the premises of the company and the accused directors which led to the recovery of incriminating documents, its spokesperson said in a statement.
The CBI has named the company, its chairman-cum-managing director Cherukuri Sridhar and additional directors Rayapati Sambasiva Rao and Akkineni Satish in the FIR. (AGENCIES)
CBI raids several locations in 2 separate bank fraud cases worth Rs 8,200 cr (Ld)
By IANS |
Published on
Fri, Dec 18 2020 23:42 IST |
4 Views
CBI raids in Delhi, UP, Raj, Haryana in Rs 1,400 cr bank fraud case. Image Source: IANS News
New Delhi, Dec 18 : The Central Bureau of Investigation (CBI) has filed cases against a Hyderabad-based company, Transstroy (India) Ltd, for allegedly cheating a consortium of banks of Rs 7,926 crore, and against a Chennai based company for cheating the bank to the tune of Rs 313.79 crore, officials said on Friday.
According to officials, fugitive diamantaire Nirav Modi, who is currently lodged in a UK jail and is facing extradition charges, is wanted in the Punjab National Bank fraud case for cheating the bank to the tune of Rs 7,700 crore.
CBI books Hyderabad company for loan fraud, amount bigger than Nirav Modi case
hindustantimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hindustantimes.com Daily Mail and Mail on Sunday newspapers.
vimarsana © 2020. All Rights Reserved.