Rotomak scam: Case registered Vikram Kothari, questioned the CBI and raids continue
CBI has registered a case against Vikram Kothari owner Rotomak pens.
New Delhi: After allegations of looting of nearly Rs 800 crore to the banks, the CBI arrested Vikram Kothari, owner of Rotoramak Pence. The CBI has registered a case against Kothari and others. Apart from this, raiding of the Kothari campus in the CBI's Kanpur continues. Kothari is currently being questioned.
Earlier, there was a rumor that Vikram Kothari has been absconding with several crores of rupees worth around Rs 800 crore. According to media reports, renowned industrialist of Kanpur Vikram Kothari had taken a loan of about Rs 800 crore from five big banks in the country. He took a loan of Rs 485 crores from Union Bank of India and took loan of Rs 352 crores from Allahabad Bank. Apart from these two banks, loan from other banks was also taken.
Read also: PNB Fraud Timeline: On January 1, only Nirav Modi had left the country
Kothari has alleged that even after one year, he has neither paid the loan nor has paid the interest amount. In such a situation, according to the guidelines of the Reserve Bank of India (RBI), an Authorized Committee was constituted. This committee had on February 27, 2017, the RotoMac Global Pvt. As a willful defaulter.
It is being told that the lock was closed on the Rottomack Company's office in the city center of Mal Road, Kanpur for the past several days. However, on the news of his absconding and disappearance, Vikram Kothari himself cleared himself. Between several rumors, Kothari had told 'Navbharat Times' that he is in Kanpur and will remain here. Kothari said on Sunday that the news of his departure from the country was completely baseless.
New Delhi: After allegations of looting of nearly Rs 800 crore to the banks, the CBI arrested Vikram Kothari, owner of Rotoramak Pence. The CBI has registered a case against Kothari and others. Apart from this, raiding of the Kothari campus in the CBI's Kanpur continues. Kothari is currently being questioned.
Earlier, there was a rumor that Vikram Kothari has been absconding with several crores of rupees worth around Rs 800 crore. According to media reports, renowned industrialist of Kanpur Vikram Kothari had taken a loan of about Rs 800 crore from five big banks in the country. He took a loan of Rs 485 crores from Union Bank of India and took loan of Rs 352 crores from Allahabad Bank. Apart from these two banks, loan from other banks was also taken.
Read also: PNB Fraud Timeline: On January 1, only Nirav Modi had left the country
Kothari has alleged that even after one year, he has neither paid the loan nor has paid the interest amount. In such a situation, according to the guidelines of the Reserve Bank of India (RBI), an Authorized Committee was constituted. This committee had on February 27, 2017, the RotoMac Global Pvt. As a willful defaulter.
It is being told that the lock was closed on the Rottomack Company's office in the city center of Mal Road, Kanpur for the past several days. However, on the news of his absconding and disappearance, Vikram Kothari himself cleared himself. Between several rumors, Kothari had told 'Navbharat Times' that he is in Kanpur and will remain here. Kothari said on Sunday that the news of his departure from the country was completely baseless.
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