The CBI has booked Kanpur-based Rotomac Exim (P) Restricted, its proprietor Vikram Kothari, son Rahul and others for allegedly dishonest Allahabad Financial institution of ₹36.84 crore.
The financial institution lodged a criticism towards the accused individuals after it didn’t recuperate the dues from them.
In February 2018, the CBI had registered an FIR towards Rotomac World Non-public Restricted, Mr. Kothari, his spouse and their son in an alleged ₹3,695-crore “wilful” mortgage default case. He was additionally arrested alongside together with his son.
It was alleged that since 2008-09, Rotomac and its related corporations had taken a mortgage of ₹2,919 crore from a consortium of banks led by the Financial institution of India, and comprising Financial institution of Baroda, Indian Abroad Financial institution, Union Financial institution of India, Allahabad Financial institution, Financial institution of Maharashtra and the Oriental Financial institution of Commerce.
The company then filed the primary cost sheet towards Rotomac, the Kotharis and three financial institution officers for allegedly dishonest Financial institution of Baroda of ₹456.63 crore.