CBI registers a case against Vikram Kothari in Rotomac bank fraud

New Delhi Feb 19: Another bank fraud has been exposed recently.Rotomac pen company is accused of duping Rs 800 crore from various PSU banks. Sources said that the loans are being taken from Allahabad Bank, Bank of India, Bank of Baroda, Indian Overseas Bank and Union Bank of India.

Central Bureau Of Investigation (CBI) On Monday had raided the properties of Rotomac MD Vikram Kothari.Earlier there were reports that he had left the country But he has clarified that he is Kanpur.

CBI has filed a case against Rotomac Pens owner Vikram Kothari and others and has conducted searches in 3 locations in Kanpur. Bank of Baroda had registered a complaint with CBI against Rotomac Pens owner Vikram Kothari. Kothari is currently being questioned by CBI along with his wife & son.