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Rotomac Scam: ED notifies land, sea, airports to prevent Vikram Kothari, 2 family members from fleeing country

Earlier In The Day CBI, ED, Income Tax Department Had Stepped Up Action Against The Rotomac Group Attaching 14 Bank Accounts In Connection With An Alleged Tax Evasion Probe.

News Nation Bureau | Edited By : Deepak Mahato | Updated on: 20 Feb 2018, 10:06:41 PM
Rotomac Scam: ED notifies land, sea, airports to prevent Vikram Kothari flee country (File Photo)

New Delhi:

The Enforcement Department (ED) on Tuesday notified all land, sea, airports and other agencies to prevent possible exit of Rotomac promoter Vikram Kothari, 2 family members to a foreign country to evade arrest by Indian law enforcement agencies.

Earlier in the day CBI, ED, Income Tax Department had stepped up action against the Rotomac group attaching 14 bank accounts in connection with an alleged tax evasion probe.

The probing agencies have attached 11 accounts in various bank branches of Uttar Pradesh.

Also read: After Nirav Modi, Rotomac Pen's Rs 800 cr defaulter flees country

According to officials the attachments have been carried out to recover outstanding tax demands, which is said to be Rs 85 crore.

The officials further added that the 11 accounts attached by the agencies include nine accounts in the name of the Rotomac group and two accounts in the name of Kothari family.

The CBI on the complaint of Bank of Baroda has registered a criminal case against the Rotomac Global Pvt Limited director Vikram Kothari, his wife Sadhana Kothari and son Rahul Kothari and unidentified bank officials.

The Bank of Baroda in its complaint has alleged that the conspirators cheated a consortium of bank loans which tuned of Rs 3,695 crore.

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First Published : 20 Feb 2018, 10:06:20 PM

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