Vikram Kothari

The Income Tax Department also attached three more bank accounts of the company as part of its latest action against it for alleged tax evasion.

Tax dodge charge on Rotomac; I-T dept raises Rs 106 crore demand

Prosecution has already been initiated against promoter Vikram Kothari on suspected tax evasion worth

Rotomac owner Vikram Kothari arrested by CBI

The amount swelled to Rs 3,695 crore, including the accrued interest, because of repeated defaults on payment, the officials said.

Rotomac case: Bank of Baroda clarifies its exposure is at Rs 456.6 cr, is wilful defaulter

The fraud has also been reported to the RBI and complaint has been lodged with the CBI, ED and Directorate of Revenue Intelligence

Rotomac Bank Fraud: The story of how Vikram Kothari turned into a loan defaulter

Rotomac Bank has been caught in Rs 3700 crores fraud recently, upon investigation by the Central Bureau of Investigation.

ED files money laundering case against Rotomac pens' promoters

They added that the agency had lodged the case under the Prevention of Money Laundering Act (PMLA), after studying the CBI FIR that was registered yesterday.

"Will stay in Kanpur": Rotomac owner amid reports of leaving country

The Kanpur-based company's owner had taken a loan of more than Rs. 800 crore from over five state-owned banks, including Allahabad Bank, Bank of India and Union Bank of India.