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CBI questions former Bank of Baroda CMD, 5 other officials in Rotomac case
Besides MD Mallya, former executive directors V Santhanaraman and RK Bakshi were among those questioned by the agency.
The CBI has questioned six former senior officials of Bank of Baroda, including its former Chairman-cum-Managing Director (CMD) MD Mallya, in connection with ₹2,919-crore alleged loan fraud by Rotomac, officials said in New Delhi.
Besides Mallya, former executive directors V Santhanaraman and RK Bakshi were among those questioned by the agency, they said.
The owner of Rotomac Global Pvt Ltd Vikram Kothari was arrested by the CBI and is now in judicial custody.
The case relates to bank loans worth ₹2,919 crore from 2008 onwards to Rotomac Global Pvt Ltd by a consortium of seven nationalised banks, the CBI FIR has alleged.
The amount swelled to ₹3,695 crore, including the accrued interest, because of repeated defaults on payment, the officials said.
The CBI had initiated the action on the complaint of Bank of Baroda, which was a member of consortium led by Bank of India, which had approached the agency fearing that Kothari might flee the country like jewellery designer Nirav Modi and his uncle Mehul Choksi.
The principal exposure of the banks regarding the loan is Bank of India ₹754.77 crore, Bank of Baroda ₹456.63 crore, Overseas Bank of India ₹771.07 crore, Union Bank of India ₹458.95 crore, Allahabad Bank ₹330.68 crore, Bank of Maharashtra 49.82 crore and Oriental Bank of Commerce ₹97.47 crore, the officials said.
Vikram Kothari, his wife Sadhana, and son Rahul were named in the FIR, they said.
(This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.)
