After the CBI and the ED, the Income Tax Department has stepped up action against the Rotomac group and its promoters attaching 14 bank accounts in connection with an alleged tax evasion probe against them, officials said today.
While 11 accounts, that are in various bank branches in Uttar Pradesh, were attached last night, three were put under similar prohibitory orders last month, they said. The provisional attachment action has been carried out to “recover outstanding tax demands”, understood to be about Rs 85 crore, they said.
They added that while the 11 accounts frozen last night are in the name of the Rotomac group, the rest three are in the name of the Kothari family.
The Kanpur-based group is being probed by the CBI and the Enforcement Directorate in connection with an alleged bank loan fraud of Rs 3,695 crore, given by a consortium of seven banks.
The CBI had registered a criminal case against Rotomac Global Pvt Limited, its director Vikram Kothari, his wife Sadhana Kothari and son Rahul Kothari and unidentified bank officials on a complaint received from Bank of Baroda and conducted raids against them yesterday.