<div><span style="font-size: 10pt;">A special CBI court in Lucknow today sent Rotomac pen company owner Vikram Kothari and his son Rahul to CBI remand for 11 days in connection with multi-crore Banks loan default case.</span></div>''<div><br />''</div>''<div>Our correspondent reports that the duo were produced before the court today by the investigating agency seeking their remand. They were arrested on Thursday for alleged default on banks loan repayment. </div>''<div><br />''</div>''<div>The CBI has initiated the action on the complaint of Bank of Baroda, which had approached the agency fearing that Kothari may flee the country. The CBI had filed the case against Vikram, his wife Sadhana and son Rahul and unidentified bank officials.</div>''<div><br />''</div>''<div>The CBI had raided the Kothari's residence and office premises a couple of days earlier in Kanpur and had conducted searches for two days. </div>''<div><br />''</div>''<div>The agency had brought Kothari to CBI headquarters at Delhi and arrested him and his son after interrogation.</div>
News On AIR | February 25, 2018 8:52 AM
Rotomac loan fraud: SC sends Vikram Kothari, son Rahul to 11-day remand