FIR filed against rotomac pens owner over bank fraud


Photo Courtesy: Internet

Post PNB fraud, On the basis of Bank of Baroda’s alleged complaint for swindling over Rs 800 crore, an FIR has been registered against Rotomac pen promoter Vikram Kothari in New Delhi on Monday.

No arrested have been made till now even after searching the Kothari’s residence in Kanpur from early in the morning said CBI spokesperson.

According to th media reports, CBI also said that, Kothari, his wife and his son are being examined by the CBI, which is conducting the searches.

As per the early reports, Kothari was "missing" from Kanpur with bank loan worth Rs. 837 crore. However, Kothari denied reports that he has left the country. The Kanpur-based company's owner had taken loans of Rs 352 crore from Kanpur branch of Allahabad Bank and Rs 485 crore from three other banks: Bank of Baroda, Indian Overseas Bank, and Union Bank of India. Rajesh Gupta, Recovery Agent of Allahabad Bank, told ANI that the loan amount is being recovered from the attached properties of Kothari.

(With Agency Inputs)

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