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Rotomac loan default case: Vikram Kothari, son taken to Lucknow

CBI officials escort Rotomac owner Vikram Kothari to a court in New Delhi on February 23, 2018.   | Photo Credit: REUTERS

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CBI says their presence in Uttar Pradesh was required to recover the alleged siphoned-off money.

A Delhi court on Friday allowed a one-day transit remand to the CBI to take Rotomac owner Vikram Kothari and his son Rahul to Lucknow to produce them before a court in connection with the ₹3,695-crore loan default case, saying their presence in Uttar Pradesh was required to recover the alleged siphoned-off money.

The CBI sought a two-day transit remand, alleging that the crime had global ramifications and it had to explore the modus operandi and recover the money which was generated after committing frauds with the bank.

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Printable version | Feb 24, 2018 12:53:06 AM | http://www.thehindu.com/news/national/rotomac-loan-default-case-vikram-kothari-son-taken-to-lucknow/article22839340.ece

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