A senior CBI officer claimed that during interrogation, Vikram Kothari has revealed names of many bank officials who had helped in obtaining loans during this period. The CBI Special Court in Lucknow had given an 11-day remand of Vikram Kothari and his son Rahu Kothari to the investigative agency for further interrogation on Saturday. The investigative agency had registered a case against Vikram, his son, wife Sadhana Kothari, two directors of his company and unidentified bank officials and staff. The Kotharis had taken huge loans from a consortium of seven banks, including the Union Bank of India, Bank of Baroda, Indian Overseas Bank, Allahabad Bank etc, by fraudulent means and had become a willful defaulter. Also read Rotomac a wilful defaulter, recovery process underwayEarlier, there were media reports that Vikram Kothari too has escaped like Nirav Modi.

Source: dna February 26, 2018 11:45 UTC