Totem Infrastructure Fraud drops Union bank Stock Value

Totem Infrastructure Fraud drops Union bank Stock Value

CBI has accused Tottempudi Salalith and Tottempudi Kavita, the promoters of Totem Infrastructure Limited. They have tricked eight banks and secured INR 1,394 Crore. The Union Bank of India Hyderabad filed the complaint against the loss of INR 313.84 Crore towards Totem Infrastructure Limited. It is revealed that the bank’s stock value dropped on the exchange post the Totem fraud.

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