Tax sleuths have attached 14 accounts of Rotomac group in various bank branches in Uttar Pradesh
GN Bureau | February 27, 2018
Six chargesheets have been filed against Rotomac owner Vikram Kothari by the income tax department.
The chargesheets were filed on Monday, a day that also saw Nirav Modi-Mehul Choksi Rs 11,000 crore scam increasing by Rs 1,300 crore.
The prosecution complaints were filed in a special court in Lucknow under various sections of the Income Tax Act, reported Indian Express.
The tax sleuths had attached 14 accounts of the group in various bank branches in Uttar Pradesh. These assets were attached to “recover outstanding tax demands” of about Rs 106 crore from the group.
Rotomac group is being probed in connection with the alleged swindling of Rs 3,695 crore of loan funds advanced by a consortium of seven banks.
CBI had filed a criminal case against Rotomac Global Pvt Limited, its director Vikram Kothari, his wife Sadhana Kothari, son Rahul Kothari and bank officials based on a complaint from Bank of Baroda. The ED also registered a money laundering case against them, reported Business Standard.
In the Nirav Modi-Mehul Choksi scam that is still unravelling, Punjab National Bank has revealed additional unauthorised transactions, increasing the estimated size of the fraud by $204 million (Rs 1,322 crore). This increase means that the total fraud now amounts to nearly $2 billion (Rs 12,622 crore) as against the original estimated $1,772 million (over Rs 11,300 crore), reported Times of India.
Struggling with rationing and prioritising available supplies amid the acute Covid-19 vaccine shortage, the BrihanMumbai municipal corporation (BMC) has floated a global tender for supply of 1 crore doses, even as it has announced a walk-in vaccination campaign next week for select categories of citizens.
Expressing regret that despite being the largest producer of vaccines in the world things have fallen apart in India, Ashok Seth, a Padma Bhushan awardee and chairman of Fortis Escorts Heart Institute, has said that the focus needs to be on percentage and not the number of population vaccinated.
In Maharashtra, the epicentre of India’s devastating second wave, several NGOs and civil society organisations have been at work to combat the pandemic – by spreading awareness about precautions, by helping the slum-dwellers book appointment for vaccine, by providing meals to the marginalised a
The cumulative number of Covid-19 vaccine doses administered in the country has crossed the landmark of 17 crore on Monday as the Phase 3 of the nationwide vaccination drive expands further. India is the fastest country to administer 17 crore Covid vaccine doses – China took 119 days and USA 115 days
India is battling the second wave of Covid-19 and infections are spreading into the interiors of the country, says Dr Anurag Bhadouria, National Spokesperson, Samajwadi Party. It is precipitated by the elections in five states, the Kumbh Mela in Haridwar and also panchayat elections in many states, he says
The CoWIN system, the overarching digital platform for citizens seeking appointment for the Covid-19 vaccine, is introducing a new four-digit security code” in the application from Saturday to minimise a peculiar error and subsequent inconvenience to citizens. “It has been notic