Rotomac Industries, a Kanpur-based pen selling company, defaulted on loans worth Rs 800 crore from five state-owned banks. Promoters Vikram Kothari and his son Rahul were arrested by the CBI in ...

After the CBI and the ED, the Income Tax Department has stepped up action against the Rotomac group and its promoters, attaching 11 bank accounts in connection with an alleged tax evasion probe ...

Allahabad's debt recovery tribunal detected the alleged misuse of credit facilities by the Kanpur-based businessman Vikram Kothari and his firms Rotomac Global and Rotomac Exports almost seven months ...

After billionaire diamantaire Nirav Modi, Rotomac Global Private Limited’s chairman and MD Vikram Kothari has allegedly gone abroad after swindling Rs 800 crore from various public sector banks ...

Kothari, who was called at the CBI headquarters in New Delhi for questioning, and Rahul were not cooperating in the investigation that led to their arrest. The action was taken against Kothari in the ...

The Serious Fraud Investigation Office has arrested four officials of Rotamac and Frost International, in cases related to manipulation of bank statements and fraudulent round-tripping of funds. While ...

In a scathing indictment, the Allahabad Debt Recovery Tribunal (DRT) had last year accused bankers to the Rotomac Global group of gross misconduct and negligence in granting credit and failing to ...

New Delhi: Industrialist Vikram Kothari, the promoter of Rotomac Pens, and his son Rahul Kothari, were arrested on Thursday in Rs 3,700-crore loan default case. The CBI arrested the two after day-long ...

The Bank of Baroda had allegedly found during enquiries that Rotomac’s overseas suppliers and buyers in Hong Kong, Dubai and Sharjah were either closed or operating through virtual offices. This ...

The Central Bureau of Investigation on Monday filed charges against Rotomac’s promoter Vikram Kothari and his son Rahul Kothari for allegedly defaulting on a Rs 456.63-crore loan taken from Bank of ...

New Delhi: Every scam has a signature, a hallmark, an ingenious spin in its architecture and construct. The Rotomac swindle has its own DNA. Pen maker Rotomac and its promoters — the Kotharis from ...