Rotomac Scam: CBI Registers FIR Against Kothari And Company

Rotomac Scam,CBI Registers FIR Against Kothari And Company,Rotomac Scam Case,Rotomac Scam Case Live Updates,Rotomac Pens Scam,CBI Raids Rotomac Pens owner,CBI Files case against Vikram Kothari,Rotomac Scam Case Updates,Rotomac Scam 2018,CBI Found Loan Scam,Rotomac Global Scam
Rotomac Scam: CBI Registers FIR Against Kothari And Company

After raiding the premises of Vikram Kothari the promoter of Rotomac Global, the CBI registered a case against the company. The CBI found a loan scam of over Rs. 2,191 crores by the pen company.

An official stated, “It was alleged in the complaint that in the Rotomac case, conspirators cheated a consortium of 7 banks by siphoning off bank loans to the tune of 29.19 billion rupees.”

Vikram Kothari has played the innocence card and said, “Yes, I took a loan from bank but it’s wrong information that I haven’t paid amount to the bank in return of that.” The CBI jumped on the case after a formal letter with a complaint from Bank of Baroda was sent to the investigating department.

In 2017 Kothari was declared a wilful defaulter after failing to pay the loans back.


Please enter your comment!
Please enter your name here