 CBI today started questioning Rotomac owner Vikram Kothari at its Headquarters in New Delhi in connection with alleged loan default of around 3,700 crore rupees towards a consortium of seven nationalised banks.
Kothari was earlier questioned in Kanpur where his company and residence is located.
The Enforcement Directorate has seized about 25 loan accounts of the Kothari family, with the Income Tax department also seizing 11 saving accounts.
Kothari, his wife and son, and all Directors in Rotomac Global Private Limited had allegedly diverted the bank loans towards purposes other than they were meant for.
One of the consortium members, Bank of Baroda had approached the CBI requesting an FIR against Kothari as the bank apparently feared he might leave the country. The CBI had registered a case on Sunday after receiving the complaint.
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