NEW DELHI: The Income Tax Department on Tuesday attached 14 accounts of Rotomac promoter Vikram Kothari and his family in connection with a tax evasion case relating to the Rs 3,695 crore loan fraud involving a consortium of seven public sector banks led by Bank of India.
“As per initial estimate, the suspected tax evasion by Kothari and his Group is to the tune of Rs 80 crore. All these accounts were attached late last night,” an official of the Income Tax Department said.
Eight accounts were attached in Kanpur, four were frozen in Lucknow and two in Delhi. All these 11 accounts are in the name of the firm Rotomac; three others are owned by Kothari, his wife Sadhna and son Rahul.
Meanwhile, the CBI on Tuesday continued with searches for the second day on Tuesday at the premises of the Kotharis. The agency has confiscated the mobile phones of the Kotharis and those of his staff. They are under CBI surveillance.
The Enforcement Directorate that registered a case of money laundering against the Kotharis is scrutinising documents and records seized from Kothari’s residence at Tilak Nagar in the national capital.
The CBI has booked Vikram, Sadhna and Rahul in a case of cheating and criminal conspiracy, besides under provisions of the Prevention of Corruption Act for swindling a nearly `3,700 crore loan.