சுதாகர் பாபு கொரந்தில News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from சுதாகர் பாபு கொரந்தில. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In சுதாகர் பாபு கொரந்தில Today - Breaking & Trending Today

Rs 7,926 crore loan fraud: Ex-TDP MP floats fake firms in name of maids, drivers, sweepers | Hyderabad News

Former TDP MP Rayapati Sambasiva Rao. (File photo)
HYDERABAD: In one of the biggest bank frauds in the country worth Rs 7,926 crore, Hyderabad-based Transstroy (India) Limited owned by former TDP MP Rayapati Sambasiva Rao created fictitious companies in the name of maids, sweepers and drivers as directors for diversion of funds.
The Central Bureau of Investigation (CBI) in an FIR alleged that the accused floated firms like Padmavati Enterprises, Unique Engineers, Balaji Enterprises, Ruthwik Associates, where an amount of Rs 6,643 crore was swindled.
Nine firms are non-existing companies which have been created to operate the fraudulent activities with the assistance of employees, the CBI alleged. ....

Andhra Pradesh , Uttar Pradesh , M Sambasiva Rao , Akkineni Satish , Rayapati Sambasiva Rao , R Leela Kumar , Indian Bak , Raapati Sambasiva Rao , Sudhakar Babu Gorantla , Cherukuri Sridhar , Ruthwik Enterprises , Dena Bank , Central Bank , Canara Bank , Balaji Enterprises , Tata Motors , Vijaya Bank , Padmavathi Enterprises , Corporation Bank , Uco Bank , Padmavati Enterprises , United Bank , Central Bureau Of Investigation , Andhra Bank , Transstroy India , Subhakari Enterprises ,

TDP ex-MP used fake firms to loot 7,000 crore | India News

Representative photo
HYDERABAD: The CBI has said Hyderabad-based Transstroy India Private Limited, which is embroiled in one of the biggest banking frauds in the country worth Rs 7,296 crore, had created fictitious firms in the name of maids, sweepers and drivers and made them directors to divert funds. Transstroy is owned by former TDP MP Rayapati Sambasiva Rao.
In its FIR, CBI alleged that firms like Padmavati Enterprises, Unique Engineers, Balaji Enterprises and Ruthwik Associates swindled Rs 6,643 crore. “Nine firms are non-existent. They have been created to run fraudulent operations with the help of employees,” it alleged. A KPMG forensic audit revealed that the accused had borrowed Rs 9,394 crore from Canara Bank and 13 other banks. ....

Andhra Pradesh , M Sambasiva Rao , Akkineni Satish , Sudhakar Babu Gorantla , Rayapati Sambasiva Rao , Sambasiva Rao , R Leela Kumar , Cherukuri Sridhar , Transstroy India Private , Subhakari Enterprises , Canara Bank , Ruthwik Associates , Balaji Enterprises , Agastya Trade Links Private Ltd , Padmavathi Enterprises , Padmavati Enterprises , Hyderabad Based Transstroy India Private Limited , Unique Engineers , Khanala Trading India , Vijay Engineering Equipment , ஆந்திரா பிரதேஷ் , மீ சம்பசிவ ராவ் , சுதாகர் பாபு கொரந்தில , சம்பசிவ ராவ் , ர் லீலா குமார் , செருகுரி ஸ்ரீதர் ,