Rotomac owner Vikram Kothari and his son Rahul Kothari have been sent to CBI custody till March 21 by a special CBI court in Lucknow. The father-son duo is involved in a money laundering case and was arrested by CBI on February 22.

Central Bureau of Investigation had questioned Vikram Kothari in connection with the Rs. 3700 crores bank loan fraud case. Vikram Kothari had taken a loan of Rs. 3700 crores from a consortium of banks including

Bank of India - Rs. 754.77 crore

Bank of Baroda - Rs. 456.63 crore

Indian Overseas Bank - Rs. 771.07 crore

Union Bank of India - Rs. 458.95 crore

Allahabad Bank - Rs. 330.68 crore

Bank of Maharashtra - Rs. 49.82 crore

Oriental Bank of Commerce - Rs. 97.47 crore

An FIR was filed against the father-son duo after the investigating agency conducted raids at Kothari’s properties on February 19. The FIR charged them for siphoning of money. The money borrowed was not used for the reasons mentioned while taking the loans.

The case coincided with the multi-crore Punjab National Bank scam, however, the actions against the accused were quick which prevented Kothari from escaping.