CBI files case against Rotomac pens owner on alleged loan default of over 800 cr rupees

19February, New Delhi


CBI has filed a case against Rotomac pens owner Vikram Kothari and others following allegations of default on repayment of loans worth over 800 crore rupees borrowed from different banks.

The agency is also conducting raids on properties related to Kothari and others in Kanpur.

The Kanpur-based company’s owner had taken loans from Allahabad Bank, Bank of Baroda, Indian Overseas Bank and Union Bank of India which have been reportedly put under Non-Performing Asset by these banks.

Kothari, his wife and son are being questioned by the CBI in connection with the case.

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