Rs 800 cr banking fraud: CBI registers FIR against Rotomac Pens owner Vikram Kothari, raids offices, premises

FPJ Web DeskUpdated: Thursday, May 30, 2019, 12:05 AM IST
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New Delhi: The Central Bureau of Investigation on Monday has filed a case against Rotomac Pens owner Vikram Kothari and others. Furthermore, raids are presently underway at his residence in Kanpur. On Sunday, reports surfaced that Kothari was allegedly ‘missing’ from Kanpur in possession of a bank loan worth Rs. 837 crore.

CBI is also questioning Vikram Kothari, wife and son in Kanpur. Till now no arrests have been made, an official spokesperson told PTI.

Kothari had taken a loan worth Rs. 352 crore from the Kanpur branch of Allahabad Bank and Rs. 485 crore from three other banks, namely Bank of Baroda, Indian Overseas Bank, and Union Bank of India. Rajesh Gupta, a Recovery Agent of Allahabad Bank, told ANI that the loan amount was being recovered from the attached properties of Kothari. Since last week, Kothari’s office in Kanpur’s City Center road has been locked, and he has been untraceable ever since.

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