Lucknow, April 8 The Allahabad High Court has granted bail to businessman Rajesh Bothra in connection with a case related to the "Rotomac scam", observing that the trial is likely to be prolonged.
The order was passed on Tuesday by Justice Rajiv Singh of the court's Lucknow bench while allowing Bothra's bail application.
According to the case registered by the Central Bureau of Investigation (CBI), Rotomac Exim Private Limited and its promoters allegedly defrauded a bank by obtaining credit facilities through forged documents, false bills of lading, and fabricated transactions, and later, defaulted on repayments.
An FIR in the matter was lodged in 2020.
Senior advocate Gaurav Mehrotra, appearing in the court for the petitioner, argued that Bothra has been falsely implicated in the case and that he has cooperated with the investigation throughout, including during the COVID-19 pandemic. He also submitted that the accused is on bail in other related cases and has not violated any conditions.
Opposing the plea, CBI's counsel Anurag Kumar Singh contended that Bothra played a crucial role in the alleged fraud and carried out transactions through his companies to mislead the bank.
After hearing both sides, the court noted that the accused was not arrested during the investigation and that there was no material to show misuse of bail.
Considering these factors and the likelihood of a delay in the trial, the court granted bail to Bothra.