Rotomac scam: CBI gets remand of Vikram Kothari for 11 days

A total of seven banks had extended loans worth Rs 2,919 crore to Rotomac Global Pvt Limited 2008 onwards, according to a CBI FIR.

Vikram Kothari (Image: ANI/File)

New Delhi: In the latest development on Saturday, the Central Bureau of Investigation (CBI) has got 11-day custody of Vikram Kothari, an alleged in Rotomac scam case. His son is already in CBI remand. A total of seven banks had extended loans worth Rs 2,919 crore to Rotomac Global Pvt Limited 2008 onwards, according to a CBI FIR. The total amount swelled to Rs 3,695 crore, including the accrued interest, because of repeated defaults on payment, FIR claimed. On the complaint of Bank of Baroda (BoB), a member of the consortium, the CBI initiated the action, led by Bank of India (BoI).