Summary:
By Express News ServiceHYDERABAD: Officials from the Bank Security and Fraud Cases wing in the Central Bureau of Investigation (CBI) on Tuesday registered criminal cases against city-based real estate firm Minerva Executive Apartments Private Limited and its management for duping the Union Bank of India to the tune of Rs 168 crore. The firm is accused of submitting false documents to obtain a loan from the bank. The firm is promoted by Vijayavardhan Reddy and P Chakradhar Reddy. In a phased manner, the firm’s management is accused to have taken a loan of `168 crore from Union Bank of India. CBI officials suspect the funds were diverted to other businesses by duping the bank about the destination of the money..