INDIA
The CBI has filed its charge sheet against Rotomac Global Pvt. Ltd. and its promoters in connection with the Rs 456.63-crore alleged loan default involving Bank of Baroda, which is part of a total fraud of Rs 3,690 crore towards a consortium of seven banks, officials said.
The CBI has filed its charge sheet against Rotomac Global Pvt. Ltd. and its promoters in connection with the Rs 456.63-crore alleged loan default involving Bank of Baroda, which is part of a total fraud of Rs 3,690 crore towards a consortium of seven banks, officials said.
After a three-month probe, the charge sheet was filed in a special court in Lucknow. It deals with Rs 456.63 crore loan of Bank of Baroda as the probe into the remaining amount was still continuing, they said, adding that more charge sheets could be filed in the case.
Taking the charge sheet on record, special CBI judge M P Chaudhari fixed May 30 as the next date of hearing.
Besides Kanpur-based Rotomac Global Pvt. Ltd, the CBI has also charged its CMD Vikram Kothari, his son and director Rahul Kothari, then AGM of Bank of Baroda S K Upadhyay, then Senior Manager of the bank Om Prakash Kapoor, and then bank manager Shashi Bishwas, they said.
The agency has charged Vikram Kothari and his son, who are in judicial custody, and others with alleged criminal conspiracy, cheating among others and under provisions of the Prevention of Corruption Act.
The CBI has alleged that the directors of the company diverted loan funds, issued for packing credit, to other purposes.
A consortium of seven nationalised banks has given loans worth Rs 2,919 crore to Rotomac Global Private Limited from 2008 onwards, the CBI FIR has alleged.
The amount swelled to Rs 3,695 crore, including the accrued interest, because of repeated defaults on payment, the officials said.
The CBI has initiated the action on the complaint of Bank of Baroda, which was a member of consortium led by Bank of India, they said.
The principal exposure of the banks regarding the loan is Bank of India Rs 754.77 crore, Bank of Baroda Rs 456.63 crore, Overseas Bank of India 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 and Oriental Bank of Commerce Rs 97.47 crore, the agency said.
PTI
Happy Kiss Day 2025: Wishes, WhatsApp messages, images, quotes to share with your lover
Why Jasprit Bumrah was ruled out of Champions Trophy 2025? Report says Ajit Agarkar...
Meet woman, who studied 17-18 hours daily, cracked UPSC in sixth attempt with AIR..., she is...
DNA TV Show: Delhi Police searches for AAP MLA Amanatullah Khan in threat case
ICC Champions Trophy 2025 warm-up fixtures: Will India play any practice game before mega event?
Meet man, IIT graduate, who once worked at Google, OpenAI, now owns...
BTC X8 Bumex Review 2025: Scam or Legit Trading Platform? Quick Facts!
AR Rahman comments on future of music, worries about THIS genre: 'We have lost all…’
UPSC introduces changes in online application process after aspirants' complaints; check here
TRAI's BIG move, introduces new rules against pesky calls, messages, fines telcos for...
Vir Das breaks his silence on India’s Got Latent controversy: 'A good artist will always…'
Who was Kim Rieul? Korean designer behind BTS and MONSTA X’s modern hanboks passes away at 32
Trade Compliance Meets Cybersecurity: Forensic Strategies for Risk Management
Enabling governance to organizations within AWS marketplace: A look at private marketplace
R Madhavan makes BIG STATEMENT about his bank account: 'I don't know how much I have and...'
Asense Interior: Celebrating 11 Years of Redefining Luxury Interiors in Bengaluru
Snow Moon 2025: When and how to witness February's full moon tonight? Know here
Kiss Day 2025: Why do we celebrate this day? Know history and significance
DNA Verified: Is Rashtrapati Bhavan hosting a wedding for the FIRST time? Know truth here
India's retail inflation slows to 4.31 per cent in January due to...
WATCH: Maha Kumbh girl Mona Lisa starts training before filming her 1st movie alongside Anupam Kher
Radhika Merchant stuns in blue and green suit at MahaKumbh Mela, it costs Rs....
BIG move by Mukesh Ambani, Reliance partners with US company, set to drive...
IND v ENG: Why are India and England players wearing green arm bands in 3rd ODI at Ahmedabad?
Tripti Dimri sets major beachwear goals in Maldives; can you guess price of her swimsuit?
Mitolyn Supplement Reviews: Ingredients, benefits, side effects, purple peel exploit
Gaurav Sharma: Visionary leader driving cybersecurity excellence
All About Details: Turning ordinary outfits into statement looks
Duolingo owl is dead? Launguage learning app urges users to respect Dua Lipa's privacy, know why
Why digitisation is necessary in construction industry and why its adoption remains slow
Meet IIT-JEE topper, who created record in Odisha by scoring 99.98 percentile, aims to join...
When is Shab-e-Barat 2025 – February 13 or 14? Check history, significance
THIS is India's last railway station where train never stops, know why
GBS outbreak: Mumbai reports its first death due to Guillain-Barre Syndrome
Ram Gopal Varma questions Rajinikanth's acting, says 'I don’t know if he can exist without...'
Who was Acharya Satyendra Das? Ayodhya Ram temple's chief priest who passed away in Lucknow
Old wedding card mentioning IIT degrees of couple creates buzz on social media; see viral post
Chunky Panday says Shatrughan Sinha advised him to 'make people wait': 'If you are punctual...'
UP Court summons Rahul Gandhi on March 24 over 2022 remarks against Army
Indian consulate in Marseille to strengthen 'people-to-people ties': PM Modi
India’s Top 5 Richest YouTubers: Know who’s earning more than Samay Raina and Ranveer Allahbadia?
Mukesh Ambani, Sunil Mittal are working to revolutionise mobile calling in India by...
DNA TV Show: UP CM Yogi Adityanath's multi-level plan for Maghi Purnima
Tejasswi Prakash reveals why she joined Celebrity MasterChef: 'I am obsessed with...'
Delhi-NCR schools holiday: Delhi, Noida, Gurugram, Ghaziabad, schools closed tomorrow due to...
'We can teach children AI but...': Sudha Murty urges govt to provide funds to schools to promote...
THIS startup gives whopping bonus to employees for loyalty, they get Rs...