Rotomac owner, others grilled for second consecutive day
The agency also alleged that Rotomac had submitted only photocopies of bills of the merchant transactions to bank
The promoters and directors of Rotomac Global Private Limited have kept lenders in the dark by submitting fake documents in the name of fictitious companies in connection with merchant trading. The CBI has alleged that Rotomac group never produced details of all trades that were carried out under the mercantile trade segment. The agency also alleged that Rotomac had submitted only photocopies of bills of the merchant transactions to bank.
CBI teams on Tuesday continued their searches for the second day in a row at the Kanpur-based house and premises of Rotomac owner Vikram Kothari, involved in a multi-crore loan default case. The mobile phones of all members of the Kothari family and his staff and domestic helps have been confiscated. In a related development, the IT department has attached 14 bank accounts of Rotomac and Kothari in connection with an alleged tax evasion probe.
The Kanpur-based group is being probed by the CBI and the ED in connection with an alleged bank loan fraud of Rs 3,695 crore, given by a consortium of seven banks.