CBI questions Rotomac promoter Vikram Kothari in Rs 3,695 loan default case

NEW DELHI: CBI (Central Bureau of Investigation) on Tuesday, for the second day is quizzing

Rotomac

owner

Vikram Kothari

, news agency ANI reported.


On Monday, the investigation agency had filed an FIR against Kothari who along with his wife and son were taken into CBI custody for questioning. Kothari is embroiled in a case for allegedly cheating a consortium of public sector banks of Rs 3,695 crore by defaulting on loans he had taken for his business.

Earlier in the day, the Income Tax Department had attached 11 bank accounts in connection with the case.

CBI says that Rotomac cheated a consortium of 7 banks by siphoning off bank loans to the tune of Rs 2,919 crore, excluding interest. CBI says total outstanding amount, along with interest liabilities for M/s Rotomac, is Rs 3,695 crore. According to the FIR copy, loan exposure of the banks are - Bank of India: Rs 754.77 crore, Bank of Baroda: Rs 456.63 crore, Indian Overseas Bank: Rs 771.07 crore, Union Bank of India: Rs 458.95 crore, Allahabad Bank: Rs 330.68 crore, Bank of Maharashtra: Rs 49.82 crore, Oriental Bank of Commerce: Rs 97.47 crore.

The Enforcement Directorate (ED) has also registered a money laundering case against Kothari and his family members.