CBI files charge-sheet against Rotomac in ₹456-cr loan default case
The CBI has filed its charge sheet against Rotomac Global Pvt. Ltd. and its promoters in connection with the ₹456.63-crore alleged loan default towards Bank of Baroda, which is part of a total default of ₹3,690 crore towards a consortium of seven banks, officials said. The CBI has charged Rotomac CMD Vikram Kothari, his son and director Rahul Kothari, then AGM of Bank of Baroda SK Upadhyay, then senior manager of the bank Om Prakash Kapoor and then bank manager Shashi Bishwas in the loan default case. Ltd, the CBI has also charged its CMD Vikram Kothari, his son and director Rahul Kothari, then AGM of Bank of Baroda SK Upadhyay, then senior manager of the bank Om Prakash Kapoor and then bank manager Shashi Bishwas, they said. The principal exposure of the banks regarding the loan is Bank of India ₹754.77 crore, Bank of Baroda ₹456.63 crore, Overseas Bank of India ₹771.07 crore, Union Bank of India ₹458.95 crore, Allahabad Bank ₹330.68 crore, Bank of Maharashtra ₹49.82 crore and Oriental Bank of Commerce ₹97.47 crore, the agency said.
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