Banks write off Rs 1790 Cr owed by ‘willful defaulter’ Rayapati Sambasiva Rao’s owned Transstroy

[snoww]

 A loan amount of  Rs 1,790 Crore owed by ‘Transstroy India Limited’,  a company owned by former MP and TDP leader, Rayapati Sambasiva Rao,  has been written off by the bank, revealed an RTI.

The Ex-parliamentarian features in the list of top 50 ‘willful defaulters’ whose loans has been written off. Rayapati,  owns Transstroy (India) Limited, an engineering & construction company that bagged a multi crore  Polavaram  Project of  Andhra Pradesh , in 2012  having  its corporate  office located in Begumpet and Kamalapuri colony of Hyderabad .

In an RTI response to prominent activist Saket Gokhale, the Reserve Bank of India , disclosed that, Indian banks have technically written off  Rs 68,607 crore due from 50 defaulters. They include diamondaire  Mehul Choksi and Mr. Vijay Malaya.

The RTI activist through his RTI, has asked for  names of the top 50 defaulters identified by the Indian banking system as on February 2^nd 2020. And their respective amount in rupees owed by each of the willful defaulters. To this, the RBI said, “Under the CRILC database, all borrowers who having aggregate fund-based and non-fund based exposure of Rs 5 crore and above. The information on top 50 willful defaulters and their sum of funded amount outstanding & amount technically has been written off as on September 30^th 2019.

According to the RTI, a sum of Rs 5,492 crore , owed by  Gitanjali Gems Limited has been written off, the highest in the list. So, has the  loan amount of Rs 1915 owed by  Deccan Chronicle Holdings limited

Not too long ago,  Central Bureau of Investigation sleuths conducted searches on the offices of Transstroy India Limited and on the residences of TDP Former MP Rayapati Samba Siva Rao, Sridhar Cherukuri MD of Transstroy and several other accused.

CBI booked a case of cheating and criminal misappropriation against Transstory, Rayapati and others for siphoning off around Rs 3822 crore . The accused obtained bank loan from Canara Bank, Union Bank of India and others. The consortium of banks led by Union Bank has filed the complaint with CBI.

Investigation found that directors of the company cooked up two books. One set of financial books cooked up for the bank purpose are found to be forged. Another set of books are maintained within the company. CBI sources said that the funds were diverted for other purpose than which the loan was taken.

Top 15 willful defaulters and loan amount written off

1. Gitanjali Gems Limited – Rs 5,492 Cr
2. REI Agro Limited – Rs 4,314 Cr
3. Winsome Diamonds and jewellery limited – Rs 4,076 Cr
4. Rotomac Global private limited – Rs 2,850 Cr
5. Kudos Chemie LTD- Rs 2,326 Cr
6. Ruchi Soya Industries Limited – Rs 2,212 Cr
7. Zoom developers pvt limited – Rs 2,012 Cr
8. Forever precious jewellery and diamonds private limited – Rs 1,962 Cr
9. Kingfisher Airlines limited – Rs 1,943 Cr
10. Deccan Chronicle Private limited –Rs 1,915 Cr
11. ABG shipyard – Rs 1875 Cr
12. Transstroy India Limited – Rs 1790 Cr
13. Surya Vinayak Industries limited – Rs 1,783 Cr
14. S Kumar Nationwide limited – Rs 1581 Cr
15. Gili India Limited – Rs 1447 Cr

[jefferson1]

write off ante kattanavasaram leda?

[gacchibowliChandu]

Nene maafi cheyyamani cheppa thammudu 

[gacchibowliChandu]

Just now, jefferson1 said:

write off ante kattanavasaram leda?

Manvaalevvaru kattanavasaram ledhu thammudu. Srujana thinnava ra ani nene maafi chesa thammudu 

[Pitta]

who gave permission I say 

[snoww]

7 minutes ago, gacchibowliChandu said:

Manvaalevvaru kattanavasaram ledhu thammudu. Srujana thinnava ra ani nene maafi chesa thammudu 

By the way this is samsaram thammullu 

Jalaganna sesindi vyabhicharam thammullu

[the_magician]

15 minutes ago, snoww said:

 A loan amount of  Rs 1,790 Crore owed by ‘Transstroy India Limited’,  a company owned by former MP and TDP leader, Rayapati Sambasiva Rao,  has been written off by the bank, revealed an RTI.

The Ex-parliamentarian features in the list of top 50 ‘willful defaulters’ whose loans has been written off. Rayapati,  owns Transstroy (India) Limited, an engineering & construction company that bagged a multi crore  Polavaram  Project of  Andhra Pradesh , in 2012  having  its corporate  office located in Begumpet and Kamalapuri colony of Hyderabad .

In an RTI response to prominent activist Saket Gokhale, the Reserve Bank of India , disclosed that, Indian banks have technically written off  Rs 68,607 crore due from 50 defaulters. They include diamondaire  Mehul Choksi and Mr. Vijay Malaya.

The RTI activist through his RTI, has asked for  names of the top 50 defaulters identified by the Indian banking system as on February 2^nd 2020. And their respective amount in rupees owed by each of the willful defaulters. To this, the RBI said, “Under the CRILC database, all borrowers who having aggregate fund-based and non-fund based exposure of Rs 5 crore and above. The information on top 50 willful defaulters and their sum of funded amount outstanding & amount technically has been written off as on September 30^th 2019.

According to the RTI, a sum of Rs 5,492 crore , owed by  Gitanjali Gems Limited has been written off, the highest in the list. So, has the  loan amount of Rs 1915 owed by  Deccan Chronicle Holdings limited

Not too long ago,  Central Bureau of Investigation sleuths conducted searches on the offices of Transstroy India Limited and on the residences of TDP Former MP Rayapati Samba Siva Rao, Sridhar Cherukuri MD of Transstroy and several other accused.

CBI booked a case of cheating and criminal misappropriation against Transstory, Rayapati and others for siphoning off around Rs 3822 crore . The accused obtained bank loan from Canara Bank, Union Bank of India and others. The consortium of banks led by Union Bank has filed the complaint with CBI.

Investigation found that directors of the company cooked up two books. One set of financial books cooked up for the bank purpose are found to be forged. Another set of books are maintained within the company. CBI sources said that the funds were diverted for other purpose than which the loan was taken.

 

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Top 15 willful defaulters and loan amount written off

1. Gitanjali Gems Limited – Rs 5,492 Cr
2. REI Agro Limited – Rs 4,314 Cr
3. Winsome Diamonds and jewellery limited – Rs 4,076 Cr
4. Rotomac Global private limited – Rs 2,850 Cr
5. Kudos Chemie LTD- Rs 2,326 Cr
6. Ruchi Soya Industries Limited – Rs 2,212 Cr
7. Zoom developers pvt limited – Rs 2,012 Cr
8. Forever precious jewellery and diamonds private limited – Rs 1,962 Cr
9. Kingfisher Airlines limited – Rs 1,943 Cr
10. Deccan Chronicle Private limited –Rs 1,915 Cr
11. ABG shipyard – Rs 1875 Cr
12. Transstroy India Limited – Rs 1790 Cr
13. Surya Vinayak Industries limited – Rs 1,783 Cr
14. S Kumar Nationwide limited – Rs 1581 Cr
15. Gili India Limited – Rs 1447 Cr

A list lo 1915 crores eggotina DC owner Venkatrami Reddy ni ela miss ayav? 
 

you are either teddy lunchvodka or hate mongering SOB crying on one particular community. 

[AndhraneedSCS]

3 minutes ago, snoww said:

By the way this is samsaram thammullu 

Jalaganna sesindi vyabhicharam thammullu

Exactly.

Vadu business cheyyadam raka bankrupt ayyi bank ki eganamam pettadu.

 

Jagananna fraud chesadu.

 

Totally different.

[SirRavindraJadeja]

6 minutes ago, AndhraneedSCS said:

Exactly.

Vadu business cheyyadam raka bankrupt ayyi bank ki eganamam pettadu.

 

Jagananna fraud chesadu.

 

Totally different.

Jagan gadiki bank loan uh..

Vaddu bank kelthe daani kontaniki velthadu , ledha ammataniki velthadu

 

Vadi babu athma ni kooda ammagala samardhudu 

[snoww]

Just now, AndhraneedSCS said:

Exactly.

Vadu business cheyyadam raka bankrupt ayyi bank ki eganamam pettadu.

 

Jagananna fraud chesadu.

 

Totally different.

Business seyyatam raani vaadu business lo loss avuthe,  money leka ippudu road meeda vundali. 

idi fraud kaadu ani feeling lo vunte , be in your dream world..

[meandhrakurradu]

Vellandariki maa jagan anna classes teskovali, dabbuki dabbu power ki power

jai jagan

[snoww]

5 minutes ago, the_magician said:

A list lo 1915 crores eggotina DC owner Venkatrami Reddy ni ela miss ayav? 
 

you are either teddy lunchvodka or hate mongering SOB crying on one particular community. 

Article raasina vaadiki mail sesi adugu ee question. 

[JaiTDP]

32 minutes ago, AndhraneedSCS said:

Exactly.

Vadu business cheyyadam raka bankrupt ayyi bank ki eganamam pettadu.

 

Jagananna fraud chesadu.

 

Totally different.

bayataki evariki seppaku brother ee logic - guddh@tho navvuthaaru. 

[CH_Desi]

Bayataki mathram edo full respectful person laaga pose kodutu ilanti panlu chestaru mana leaders. 

[Migilindi22]

8 hours ago, JaiTDP said:

bayataki evariki seppaku brother ee logic - guddh@tho navvuthaaru. 

Tammudu. Burnol raasko