CBI continues raids in Rotomac case

The CBI on Tuesday continued raids at the same three locations in Kanpur for the second consecutive day as it probed a multi-crore loan default by Rotomac Pen’s chief Vikram Kothari.

The Central Bureau of Investigation again questioned Kothari along with his wife.

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The raided places included office and residential premises of the company’s directors, where searches were conducted on Monday as well, the CBI said.

The probe agency has also sealed a residential premise and an office of Rotomac directors in New Delhi.

The loan default would touch Rs 3,695 crore, including interest, according to the CBI.