Telangana high court questions SBI over Rs 500 crore loan for Rs 200 crore project in Hyderabad

Telangana High Court questioned State Bank of India’s lending practices, particularly a ₹500 crore loan for a ₹200 crore project to SEM India Fab. The court expressed concern over the bank’s actions, suggesting potential fraud and urging a CBI investigation if no complaint was filed. This case highlights issues of public money misuse and companies defaulting on loans. 

Leave a Reply

Your email address will not be published. Required fields are marked *

Enquire now

Give us a call or fill in the form below and we will contact you. We endeavor to answer all inquiries within 24 hours on business days.