IT Dept attaches 11 accounts of Rotomac Company fraud case

Amravati Feb 20: Another bank fraud has been exposed recently.Rotomac pen company is accused of duping Rs 3600 crore from various PSU banks.Central Bureau Of Investigation (CBI) On Monday had raided the properties of Rotomac MD Vikram Kothari and has arrested him.

Currently, IT Department has also taken action against the Rotomac Company and has attached 11 bank accounts in connection with an alleged tax evasion probe against them.

The dept had said that "The provisional attachment action has been carried out to "recover outstanding tax demands understood to be about Rs 85 crore."

Earlier ED had also raided the properties of Rotomac company for duping the banks and the agency had registered a case against him.