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Rotomac owes 7 state-owned banks ₹3,695 crore: CBI
short by Krishna Veera Vanamali / on Monday, 19 February, 2018
CBI has said Rotomac Global owes ₹3,695 crore including interest to seven state-owned banks, according to a complaint filed by Bank of Baroda. The CBI has registered a case against Rotomac Global, its promoter Vikram Kothari, company directors, and unknown bank officials. The complaint alleged that conspirators cheated a consortium of banks by siphoning off bank loans worth ₹2,919 crore.
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