According to sources the CBI said Rotomac owner Vikram Kothari and his son Rahul were at its headquarters here and were still being questioned in connection with an Rs 3,695 crore loan default case. Meanwhile a senior Central Bureau of Investigation (CBI) official told that "Kothari and his son (Rahul) arrived in Delhi on their own. Thus they are being questioned here."
Meanwhile this was the third consecutive day of their questioning by the probe agency that had earlier carried out the same exercise for two days in Uttar Pradesah's Kanpur. Accordingly the CBI had also carried out searches at the pen company owner's Kanpur-based house and premises on Monday and Tuesday after the Bank of Baroda filed a complaint of loan default against Kothari.
According to sources Kothari is the Chairman and
Managing Director of Rotomac, while his wife and son are directors of the
company. The FIR by CBI said Kothari had obtained Rs 2,919 crore from the
consortium of seven banks Bank of India (Rs 754.77 crore), Bank of Baroda (Rs
456.63 crore), Indian Overseas Bank (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). Furthermore the agency
had also questioned Kothari's wife. Several belongings, including their laptops
and mobile phones were confiscated by the agency.
