Tue, May 29, 2018
The agency said it has issued a provisional order yesterday under the Prevention of Money Laundering Act (PMLA) for attachment of properties "owned by Ms Rotomac Global Private Limited and its directors located at Kanpur (Uttar Pradesh), Dehradun (Uttarakhand), Ahmedabad and Gandhi Nagar (Gujarat) and Mumbai (Maharashtra) valuing Rs 177 crore."
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Tue, Feb 27, 2018
The Income Tax Department on Monday said it has filed six cases for the prosecution of Rotomac owner Vikram Kothari in connection with the Rs 3,695 crore bank loan default case involving Bank of Baroda.
Tue, Feb 20, 2018
The I-T department has so far attached 11 bank accounts in connection with an alleged tax evasion probe against the Rotomac group and its promoters.
Just after PNB reported around Rs 11,300 crore fraudulent transactions by diamond tycoon Nirav Modi, another scam of more than Rs 800 crore by Rotomac MD Vikram Kothari has been unraveled.
Mon, Feb 19, 2018
Loan default case of Rotomac Global, promoted by Vikram Kothari, came close on the heels of the Rs 11,515-crore Punjab National Bank fraud by billionaire jeweller Nirav Modi
According to a report, Kothari`s Mall Road office in Kanpur was found shut since last week
Sun, Feb 18, 2018
Allahabad Bank, Bank of India, Bank of Baroda, Indian Overseas Bank and Union Bank of India compromised their rules to sanction loans to Rotomac, the sources said.
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