CBI has registered a case on a complaint filed by Union Bank of India against Totem infrastructure Ltd and its promoter and director Tottempudi Salalith and Tottempudi Kavita. Union Bank of India's Industrial Finance branch had given Rs 313 crores loan.
Loan was taken from 8 consortium bank including Union bank of India. It was declared anon-performing asset (NPA) on 30th June 2012. CBI is questioning the promoter and director of Totem infrastructure Ltd.
