IT files 6 cases against Rotomac owner; loan default Bank of Baroda
Written by : SMTV24x7 | Tue, Feb 27, 2018, 03:05 AM
New Delhi, Feb 27: 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.
A senior I-T official said: "We have filed six prosecution cases against Vikram Kothari, owner of the Rotomac group, on Saturday under the Income Tax Act, 1961."
The action comes in the wake of the registration of a case against Kothari, his son Rahul and wife Sadhna by the Central Bureau of Investigation following a Bank of Baroda complaint.