ED raids premises of Cgarh businessman; in connection with Rotomac’s Vikram Kothari
Infamous now for Rs 3500 crores worth bank loan default, the Rotomac company chairman Vikram Kothari may now be grilled by the Central Bureau of Investigation, but he has a Chhattisgarh connection as well.
It need be mentioned that it is now being speculated that Vikram Kothari’s son may have committed fraud with a bank here as well as local businessman.
It emerged that the Kotharis were in business with the Bagaria Brothers as well.
This connection led the Enforcement Directorate officials carry out raid at Bagarias locations.
The seized documents, it was informed, were being examined even on Thursday.
It is said that the ED team may have spent hours on at the office premises of the Bagarias.
They came about the documents pertaining to Rotomac company as well.
It is now being informed that the Bagarias had given a loan of Rs 6 crores to the Vikram Kothari and his son which they did not return in time that had been agreed.
There had even been case of cheque bounce as the Kotharis handed down the cheque to the Bagarias.
It took three cheque bounces for the Bagarias to decide on knocking on doors of the court.
The court had back then ordered non-bailable warrant against the father-son duo.
But the two have been evading law ever since, police sources informed. >