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Rotomac fraud: CBI arrests Vikram Kothari, son in Rs 3,695 cr loan default
Thu, Feb 22 2018 09:47:46 PM New Delhi, Feb 22 (PTI): The CBI today arrested Rotomac owner Vikram Kothari and his son Rahul, both directors in the company, for alleged default on loan repayments to the tune of Rs 3,695 crore, officials said here. Kothari, who ...
 Daiji World22 hours ago
Business Standard
Rotomac Pens Rs 37 bn-fraud: CBI questions Vikram Kothari, son in Delhi
Rotomac allegedly took loans from 7 banks - Bank of Baroda, Bank of India, Bank of Maharashtra, Indian Overseas Bank, Union Bank of India, Allahabad Bank, Oriental Bank of Commerce Press Trust of India | New Delhi Last Updated at February 21, 2018 12:43 IST ...
 Business Standard2 days ago
Rediff.com
CBI begins questioning Rotomac owner
The CBI today began questioning Rotomac owner Vikram Kothari at its headquarters in New Delhi in connection with the alleged loan default of Rs 3,695 crore towards a consortium of seven nationalised banks, officials said.Earlier, Kothari was being questioned in Kanpur where his company and residence arelocated, they said. Kothari, his wife Sadhana, and son Rahul, all directors in Rotomac Global pvt Ltd, have allegedly diverted bank loans towards purposes other than what they were meant for, ...
 Rediff.com2 days ago
MSN India
CBI arrests Rotomac owner Vikram Kothari, son
In a big breakthrough, the CBI on Thursday arrested Rotomac Pens owner Vikram Kothari and his son Rahul Kothari for defrauding a consortium of banks of over Rs 3,695 crore, reported ANI. The agency was questioning the stationery czar-turned-loan defaulter for ...
 MSN India3 hours ago
Sify
Rotomac case: 2919 cr. loan, here're the details of FIR
New Delhi: The Central Bureau of Investigation (CBI) on Monday filed a case against Rotomac Pens owner Vikram Kothari and others, after early morning raids at his residence in Kanpur. The First Information Report (FIR) copy which ANI has access to says the ...
 Sify3 days ago
Pen In The Neck For Rotomac’s Vikram Kothari
The CBI raided Rotomac Pens promoter Vikram Kothari's Kanpur home and offices in Kanpur and Delhi early on Monday, a day after the agency booked him, his director wife Sadhana and son Rahul, besides bank officials, for allegedly defaulting on loans worth Rs ...
 DNA3 days ago
catchnews.com
CBI registers case against Rotomac, Directors
The Central Bureau of Investigation on Monday registered a case against Rotomac Global Pvt. Ltd, its Directors Vikram Kothari, Sadhana Kothari and Rahul Kothari and unknown bank officials on a complaint from Bank of Baroda. The complaint alleged the ...
 catchnews.com3 days ago
Rotomac loan fraud swells to Rs 3,695 crore; CBI, ED register case
The CBI and the ED have tightened the noose against the promoters of the Rotomac Global Private Limited as firm's alleged loan default case touched Rs 3,695 crore. New Delhi/Kanpur: The Central Bureau of Investigation (CBI) and the Enforcement Directorate ...
 Zee News3 days ago
Rotomac Pen owner arrested in Rs 3,695 crore fraud
The CBI has filed a case against Rotomac Pens promoter Vikram Kothari and others for allegedly cheating a consortium of public sector banks of Rs 3,695 crore by defaulting on loans he had taken for his business. Earlier, the loan default was estimated at Rs ...
 MSN India3 days ago
Mathrubhumi
Rotomac owner Vikram Kothari arrested by CBI
New Delhi:The CBI on Thursdayarrested Rotomac owner Vikram Kothari and his son Rahul, both directors in the company, for alleged default on loan repayments to the tune of Rs 3,695 crore, officials said here. Kothari, who was called at the agency headquarters ...
 Mathrubhumi20 hours ago
DNA
Rotomac Pens owner Vikram Kothari, his son arrested for alleged bank loan fraud of Rs 3,695 crore
The Central Bureau of Investigation (CBI) on Thursday arrested Rotomac Pens owner Vikhram Kothari in connection with alleged bank loan fraud of Rs 3,695 crore.
 DNA21 hours ago
Sify
Rotomac bank fraud: Vikram Kothari, his son arrested
New Delhi: The Central Bureau of Investigation (CBI) on Thursday arrested the owner of Rotomac Pens, Vikram Kothari, and his son Rahul Kothari in connection with a case of loan default of approximately Rs 3,700 crore taken from seven public sector banks. As ...
 Sify22 hours ago
Rotomac promoter in trouble, accused of Rs 3,695 crore fraud
After billionaire diamond merchant Nirav Modi, Rotomac pen promoter Vikram Kothari has landed in trouble with the CBI registering a case against him on charges of siphoning off bank loans to the tune of Rs 3,695 crore. Besides Kothari, the chairman and ...
 Deccan Herald4 days ago
Sify
Rotomac Pens owner Vikram Kothari being questioned by CBI for owing banks Rs 837 crore
Rotomac Pens owner Vikram Kothari, who is alleged to owe banks Rs 837 crore, is being questioned along with his wife and son by the Central Bureau of Investigation (CBI). This a day after he was spotted at the wedding of Jagran group owner Sanjeev Gupta's ...
 Sify4 days ago
DNA
CBI raids properties of Rotomac Pens promoter Vikram Kothari over default of Rs 800 crore loan
The CBI on Monday conducted raids on properties of Vikram Kothari, the owner of Rotomac Pens, in Kanpur.
 DNA4 days ago
CBI begins questioning of Rotomac owner Kothari
The CBI today started questioning of Rotomac owner Vikram Kothari at its Headquarters in connection with alleged loan default of Rs 3,695 crore towards a consortium of seven nationalised banks, officials said here. Earlier, Kothari was being questioned in ...
 Deccan Herald2 days ago
AAP minister Jain in big CBI trouble
While conducting raids at the premises of a doctor against whom a corruption case has been registered, the Central Bureau of Investigation (CBI) on Sunday stumbled upon documents allegedly related to properties and bank accounts held by Delhi Health Minister ...
 MSN India1 week ago
DNA
Bank of India reveals full provision made for Rotomac NPA in FY16
State-owned Bank of India today said it had sanctioned some loan to Rotomac group companies as a consortium lender and that had turned into a non-performing asset (NPA) or bad loan in the 2015-16 fiscal for which it has already made 100% provisioning. The ...
 DNA1 day ago
Rediff.com
The writing on the wall for Rotomac boss
Vikram Kothari, managing director of Rotomac Pens, is now fighting a battle that might be difficult to win.  Known for aggressive use of celebrity advertising for Rotomac Pens, his exclusive list included Bollywood stars such as Salman Khan delivering the catch line ‘Likho India Ki Nai Pehchan’ and Raveena Tandon ‘Likhte Likhte love ho jaye’. Lyricist and writer Javed Akthar’s tagline ‘Fighter Hamesha Jeet Ta Hai’ made Rotomac a household ...
 Rediff.com2 days ago
catchnews.com
Case of loan default, not fraud: Kothari's lawyer
Rotomac Pens owner Vikram Kothari's lawyer Sharad Kumar Birla on Monday rejected reports of fraud committed by his client, adding that it was a case of loan default. "My client had borrowed a sum of Rs. 800 crore as a loan for business purpose. The ongoing ...
 catchnews.com3 days ago
Rediff.com
Rotomac owner Vikram Kothari, son arrested
Industrialist Vikram Kothari, the promoter of Rotomac Pens, and his son Rahul Kothari, were arrested today in Rs. 3,700-crore loan default case.The Kotharis allegedly owes Rs. 3,695 crore to Allahabad Bank, Bank of India, Bank of Baroda, Bank of Maharashtra, Indian Overseas Bank, Oriental Bank of Commerce and Union Bank of India.Investigators had raided the billionaire's home and establishments in Kanpur on Thursday. Mr Kothari and his son were questioned all day on Wednesday.Vikram Kothari has ...
 Rediff.com23 hours ago
Rediff.com
Now, Rotomac Pens owner goes missing after taking loans of Rs 800 crore
After billionaire jeweller Nirav Modi, another defaulter Vikram Kothari, the promoter of Rotomac Pen, has also allegedly gone abroad after swindling Rs 800 crore from various public sector banks including Allahabad Bank, Bank of India and Union Bank of India, sources said. The Kanpur-based company’s owner had taken a loan of more than Rs 800 crore from over five state-owned banks. Allahabad Bank, Bank of India, Bank of Baroda, Indian Overseas Bank and Union Bank of India compromised their ...
 Rediff.com4 days ago
catchnews.com
After Nirav Modi, another scandal of Rotomac pens owner Vikram Kothari exposed
On 15 February, Indian banking sector got a big shocker about PNB's 11,400 crore fraud case done by diamond merchant Nirav Modi. While the nation was managing to digest this thousands of crores fraud case, another defaulter Vikram Kothari, owner of Rotomac ...
 catchnews.com3 days ago
Asia Net India
CBI arrests Rotomac owner Vikram Kothari
The CBI arrested Rotomac owner Vikram Kothari and his son Rahul, both directors in the company, for alleged default on loan repayments to the tune of Rs 3,695 crore, officials said. Kothari, who was called at the agency headquarters in New Delhi for ...
 Asia Net India9 hours ago
CBI begins questioning of Rotomac owner Kothari
The CBI today started questioning of Rotomac owner Vikram Kothari at its Headquarters here in connection with alleged loan default of Rs 3,695 crore towards a consortium of seven nationalised banks, officials said here.Earlier, Kothari was being questioned in ...
 Business Standard2 days ago
DNA
CBI begins questioning of Rotomac owner Vikram Kothari in Rs 3,695 crore loan default case
The CBI today started questioning of Rotomac owner Vikram Kothari at its Headquarters here in connection with alleged loan default of Rs 3,695 crore towards a consortium of seven nationalised banks, officials said here.
 DNA2 days ago
Rotomac Pen owner arrested in Rs 3,695 crore fraud
The CBI has filed a case against Rotomac Pens promoter Vikram Kothari and others for allegedly cheating a consortium of public sector banks of Rs 3,695 crore by defaulting on loans he had taken for his business. Earlier, the loan default was estimated at Rs ...
 MSN India3 days ago
Rediff.com
Rotomac owner Vikram Kothari arrested over Rs 3,695 crore loan default
The Central Bureau of Investigation on Thursday arrested Rotomac owner Vikram Kothari and his son Rahul, both directors in the company, for alleged default on loan repayments to the tune of Rs 3,695 crore, officials said. Kothari, who was called at the agency headquarters for questioning, and Rahul were not cooperating in the investigation that led to their arrest, they said. A consortium of seven nationalised banks has given bank loans worth Rs 2,919 crore from 2008 onwards Rotomac Global Pvt ...
 Rediff.com22 hours ago

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