TRENDING TAGS :
Rotomac chairman Vikram Kothari, son sent to 11-day CBI custody
Lucknow: Chairman of Rotomac company Vikram Kothari and his son Rahul have been remanded to Central Bureau of Investigation (CBI) custody for 11 days in connection with Rs 3,700 crore bank scam.
MP Chaudhary, the Special CBI Judge, granted the custody on the application of CBI Deputy SP and investigation officer GM Rathi after investigating agency produced them in the court here on Saturday. They were brought on transit remand from Delhi, where they were arrested on Thursday.
Their remand will end at 1400 hours on March 7.
It is worth mentioning that Kothari and his son are accused of cheating a consortium of banks of Rs 3,695 crore (including interest) by siphoning off loans sanctioned to his company (Rotomac) for procurement of wheat and other goods for export.