February 19, 2018 11:46 AM

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CBI files case against Rotomac pens owner Vikram Kothari; conduct raids

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. <br/><br/>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.

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