| Title |
FRAUDS & SCAMS:
ROTOMAC SCAM |
|
Description |
- The Kanpur-based Vikram Kothari group was being probed
by the CBI and the Enforcement Directorate in connection
with an alleged bank loan fraud of Rs 3,695 crore.
- The CBI had registered a criminal case against Rotomac
Global Pvt Limited, its Director Vikram Kothari, his wife
Sadhana Kothari and son Rahul Kothari and unidentified bank
officials on a complaint received from Bank of Baroda and
conducted raids against them on Feb 19, 2018.
- This is the second major financial scam to break out
after the sensational Rs 11,400 crore fraud allegedly
committed by billionaire jewellery designer Nirav Modi and
his uncle Mehul Choksi, who is a promoter of Gitanjali group
of companies, both of them left the country before the
Punjab National Bank realized the seriousness of the alleged
crime.
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|
Events |
|
May 21, 2018: |
Central Bureau of
Investigation (CBI) filed charges against Rotomac Pens’ promoter
Vikram Kothari and his son Rahul for defaulting on loans worth
Rs3,695 crore taken from nationalised banks. |
|
May 02, 2018: |
The Central Bureau of
Investigation (CBI) started questioning Vikram Kothari on this
day. |
|
Feb 22, 2018: |
CBI arrested Rotomac Pens'
owner Vikram Kothari and his son Rahul on Thursday after three
days of questioning. |
|
Feb 20, 2018: |
Accounts in various bank
branches in Uttar Pradesh were attached. |
|
Feb 19, 2018: |
The CBI conducted raids
against Vikram Kothari, his wife Sadhana Kothari and son Rahul
Kothari and unidentified bank officials on a complaint received
from Bank of Baroda. |
|
|
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