CBI questions Rotomac owner Vikram Kothari, freezes 14 bank accounts

The Income Tax Department has attached 14 bank accounts of Rotomac which belong to various banks as the CBI grilled the owner Vikram Kothari today.

Reports said three accounts belong to Vikram Kothari and his family.

The Kanpur-based group is being probed by the CBI and the Enforcement Directorate in connection with an alleged bank loan fraud of Rs 3,695 crore, given by a consortium of seven banks. 

The CBI had registered a criminal case against Rotomac, its Director Vikram Kothari, his wife Sadhana Kothari and son Rahul Kothari and unidentified bank officials on a complaint received from Bank of Baroda and conducted raids against them on Monday. 

The raids continued today with the agency sealing a residential premises and an office of Rotomac directors in New Delhi.