News > CBI Books Rotomac Global in Rs 750 Crore Bank Fraud Case
CBI Books Rotomac Global in Rs 750 Crore Bank Fraud Case
Digihunt | 16/11/2022 08:18 PM | Click to read full article
The CBI has booked Kanpur-based Rotomac Global and its directors for Rs 750.54 crore for alleged fraud in Indian Overseas Bank, officials said. In its complaint to the CBI, the Indian Overseas Bank alleged that the company was sanctioned a non-fund-based limit of Rs 500 crore on June 28, 2012. The account was declared a non-performing asset on June 30, 2016, with an outstanding of Rs 750.54 crore after default on payments.
