CBI charge-sheets Rotomac promoters

NEW DELHI: The CBI has filed its charge sheet against Rotomac Global Pvt. Ltd. And its promoters in connection with the Rs 456.63-crore alleged loan default towards Bank of Baroda, which is part of a total default of Rs 3,690 crore towards a consortium of seven banks, officials said.

After a three-month probe, the charge sheet was filed in a special court in Lucknow. It deals with Rs 456.63 crore loan of Bank of Baroda as the probe into the remaining amount was still continuing, they said, adding that more charge sheets could be filed in the case.

Besides Kanpur-based Rotomac Global Pvt. Ltd, the CBI has also charged its CMD Vikram Kothari, his son and director Rahul Kothari, then AGM of Bank of Baroda S K Upadhyay, then Senior Manager of the bank Om Prakash Kapoor, and then bank manager Shashi Bishwas, they said.

The agency has charged Vikram Kothari and his son, who are in judicial custody, and others with alleged criminal conspiracy, cheating among others and under provisions of the Prevention of Corruption Act.

The CBI has alleged that the directors of the company diverted loan funds, issued for packing credit, to other purposes. (AGENCIES)


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