New Delhi: Rotomac promoter Vikram Kothari has sought permission from a CBI court to get home-cooked food and undergo routine medical checks during interrogation for a Rs 3,695 crore loan fraud with Bank of Baroda and other institutions.
In his plea before the court, the 70-year-old has sought the special concessions citing 21 ailments.
In his application in court, Mr Kothari said, “I am suffering from fluctuating blood pressure, cervical disease, spinal injury, knee problem, nerve problem, hypertension, anaemia, severe motor neuropathy in lower limbs.” After his arrest on February 22, Mr Kothari was sent to an 11-day CBI custody in Delhi on Saturday.
In another case, the CBI on Monday issued lookout circulars against four directors of Delhi-based jeweller Dwarka Das Seth International Pvt Ltd who are accused in an alleged Rs 389.85 crore loan fraud with Oriental Bank of Commerce.
In the Rotomac case, the CBI said that seven banks gave loans worth Rs 2,919 crore to the company from 2008 onwards. The total outstanding amount for the company, along with interest and liabilities, is pegged at Rs 3,695 crore, sources said.
The agency on February 22 also arrested Mr Kothari’s son Rahul, also a director in the company. The ED has also registered a case under the provisions of the Prevention of Money Laundering Act against Mr Kothari and others on the basis of CBI’s FIR.
In the Delhi jeweller’s case, the CBI issued the LoCs to restrict the movement the firm’s directors.
The four directors of the company named as accused by the CBI in the case are — Sabhya Seth, Reeta Seth, Krishna Kumar Singh and Ravi Singh.
A lookout circular alerts all ports of entry to restrict the movement of the person against whom the notice has been issued and report any attempt to escape. Also, an LoC may seek detention of the accused at the port of entry.
Dwarka Das Seth International Pvt Ltd, its subsidiary Dwarka Das Seth SEZ Incorporation and the four directors were booked by the agency based on a complaint of OBC. Dwarka Das Seth International Pvt Ltd availed various credit facilities from OBC between 2007 and 12, which swelled to Rs 389 crore during the period.
It was found by the bank that the company was using letters of credit (LoCs) to pay off other creditors against the purchase of gold and other precious stone and transfer gold and funds outside the country using fictitious transactions.
