This is the second major financial scam to break out after the sensational Rs 11,400-crore fraud allegedly committed by billionaire jewellery designer Nirav Modi and his uncle Mehul Choksi.
Vikram and Son were produced before Additional Chief Metropolitan Magistrate Samar Vishal and the agency sought two-day transit remand from the court to take them to Lucknow.
Kothari, his wife Sadhana and son Rahul, all directors of Rotomac Global Pvt Ltd, had allegedly diverted the loan amount towards purposes other than what they were meant for.
The department, earlier this week, had attached 14 bank accounts that were in various bank branches in Uttar Pradesh.
The CBI registered a case after receiving a complaint from Bank of Baroda against Kanpur-based Rotomac Global Pvt Limited, its director Vikram Kothari, his wife Sadhana Kothari, and son Rahul Kothari and unidentified bank officials.
It was alleged in the Bank of Baroda complaint that the conspirators had cheated a consortium of banks to the tune of Rs 3,695 crore, including the interest component.
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