Rayapati sambasiva rao biography of michaels

  • Hyderabad-based Transstroy (India) Limited owned by former TDP MP Rayapati Sambasiva Rao created fictitious companies in the name of maids, sweepers and.
  • 14 A prominent name here was the Congress politician, Rayapati Sambasiva Rao. Prior to the Soviet Union's disintegration, his Jayalakshmi group had a 35 per.
  • Rayapati Sambasiva Rao and Yalamanchili Satyanarayana Chowdary (Sujana Chowdary) may lose their properties pledged as collaterals for loans.
  • Aruna Katragadda atmosphere fray be be Ordinal Indian-American girl to drop a line to US Terrace of Representatives


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  • rayapati sambasiva rao biography of michaels
  • Loan dues: Banks to auction properties of Rayapati Sambasiva Rao, Sujana Chowdary

    VIJAYAWADA: With Enforcement Directorate and CBI pursuing them for alleged bank frauds, industrialists-turned-politicians Rayapati Sambasiva Rao and Yalamanchili Satyanarayana Chowdary (Sujana Chowdary) may lose their properties pledged as collaterals for loans.
    Andhra Bank has issued an e-auction notice to property belonging to the family of Rayapati Sambasiva Rao.Bank of India issued a similar notice to sell properties belonging to Sujana Chowdary. The auctions will be held on March 23 if they failed to repay the loan.
    According to the notice given by Bank of India, Sujana Universal Industries Limited has Rs 322 crore dues against the loan taken from the bank till October 26, 2018 the date from when the company has defaulted in repayment of loan. The total outstanding as on February 18, 2020 has become Rs 400.84 crore along with 13.95% interest.
    The bank said the company has defaulted on the loan and did not make any payment even after serving the 60-day period demand notice. In order to recover the outstanding amount, the bank has decided to auction the properties belonging to the guarantors.
    The bank has named YS Chowdary, the late Y Shivalinga Prasad, Y Jathin Kumar, Y Shivaramakrishn

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

    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.
    KPMG forensic audit has revealed the fraud where the accused borrowed Rs 9,394 crore from Canara Bank and 13 other banks.
    The Banking Fraud and Securities Cell (BSFC) at Bengaluru has issued an FIR against Transstory (India) Limited, the company CMD Cherukuri Sridhar, former MP Raapati Sambasiva Rao, Akkineni Satish.
    A case has been booked under criminal conspiracy, cheating, forgery and falsification of documents and Prevention of Corruption Act.
    Around Rs 7,153 crore was tr