I-T dept attaches 11 bank accounts
BY Team MP20 Feb 2018 11:56 PM IST
Team MP20 Feb 2018 11:56 PM IST
New Delhi: After the CBI and the ED, the Income Tax Department has stepped up action against the Rotomac group and its promoters attaching 11 bank accounts in connection with an alleged tax evasion probe against them, officials said on Tuesday.
The accounts in various bank branches in Uttar Pradesh were attached on Monday night.
The provisional attachment action has been carried out to "recover outstanding tax demands", understood to be about Rs 85 crore, the officials said.
Three bank accounts of the group were attached in January last year by the department, they said.
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 on Monday.
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