Kanpur | Vikram Kothari, managing director of Rotomac Group, passed away in Uttar Pradesh’s Kanpur on Tuesday morning. Kothari, who was one of the big businessmen who had launched Pan Masala and Rotomac Pen, breathed his last at his residence in Tilak Nagar in the city. The servants in the house first reported his death to […]
Tag: Rotomac
ED attaches Rotomac properties worth Rs 177 cr
New Delhi : The Enforcement Directorate (ED) on Tuesday said it has attached Vikram Kothari owned Kanpur-based Rotomac Global’s properties worth Rs 177 crore in connection with a money laundering case involving an alleged bank fraud amounting to Rs 3,695 crore. The attached properties of the company and those of its directors are located in […]
Rotomac owner’s prosecution in six cases, says I-T Department
New Delhi : The Income Tax Department on Monday said it has filed six cases for the prosecution of Rotomac owner Vikram Kothari in connection with the Rs 3,695 crore bank loan default case involving Bank of Baroda. A senior I-T official told IANS: “We have filed six prosecution cases against Vikram Kothari, owner of […]
CBI arrests Rotomac firm owner Vikram Kothari, son
New Delhi : The CBI on Thursday arrested Rotomac pen company owner Vikram Kothari and his son Rahul on charges of cheating a consortium of banks of Rs 3,695 crore (including interest) by siphoning off loans sanctioned to his company for procurement of wheat and other goods for export. The agency arrested them after daylong […]
CBI arrests Rotomac firm owner Vikram Kothari, son
New Delhi : The CBI on Thursday arrested Rotomac pen company owner Vikram Kothari and his son Rahul on charges of cheating a consortium of banks of Rs 3,695 crore (including interest) by siphoning off loans sanctioned to his company for procurement of wheat and other goods for export. The agency arrested them after daylong […]
CBI questioning enters 4th day in Rotomac case
New Delhi : The CBI on Thursday continued questioning Rotomac owner Vikram Kothari and his son Rahul in connection with the Rs 3,695 crore loan default case. A senior Central Bureau of Investigation (CBI) official confirmed that the two were being questioned again on Thursday. This is the fourth consecutive day of their questioning. On […]
Allahabad Bank has outstanding exposure of Rs 516.79 cr in Rotomac group
Kolkata : State-run Allahabad Bank on Wednesday said it has an exposure of Rs 516.79 crore to debt-laden Rotomac group as on January end and the lender has the required provision for the same as per RBI norms. According to a regulatory filing, the bank said it has an outstanding of Rs 43.09 crore to […]
CBI continues raids in Rotomac case
New Delhi/ Kanpur : The CBI on Tuesday continued raids at the same three locations in Kanpur for the second consecutive day as it probed a multi-crore loan default by Rotomac Pen’s chief Vikram Kothari. The Central Bureau of Investigation again questioned Kothari along with his wife. The raided places included office and residential premises […]
CBI raids Rotomac’s Kanpur properties
New Delhi/Kanpur : The CBI on Monday raided several locations in Kanpur in connection with a Rs 800 crore loan default by the Rotomac Pen company’s chief Vikram Kothari, an official said. Kothari is the chairman and MD at the Kanpur-based Rotomac Global Private Limited. Coming close on the heels of the Rs 11,515 crore […]