CBI arrest Rotomac owner Vikram Kothari & son Rahul Kothari after 3 days of interrogation

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Vikram Who is Vikram Kothari, the owner of Rotomac pens?
Vikram Kothari, the owner of Rotomac pens.

The Hush Post: CBI’s Bank Securities and Fraud Cell finally arrested as part of its on-going investigations in bank frauds Rotomac owner Vikram Kothari and his son Rahul Kothari. They have been arrested for cheating seven banks of over Rs 3,695 crore. Father-son duo was arrested after three days of interrogation.

Vikram Kothari remained “non-cooperative for past three days.” He did not give any details of shell companies, and that how did he use Rs 2,919 crore he took from the banks.

The two will be produced in a CBI court tomorrow. CBI has already sealed their houses in Kanpur, Delhi and the IT Department have attached their properties and frozen their bank accounts.
Earlier, Bank of Baroda had filed a criminal complaint alleging that Rs 2,919 crore was siphoned off by the Kotharis. A total of seven banks — Bank of India, Bank of Baroda, Indian Overseas Bank, Union bank of India, Allahabad Bank, Bank of Maharashtra  and Oriental Bank of Commerce  had issued him loans at various times totalling to about Rrs 2,900 crore.
Kothari’s wife Sadhana, who also happens to be the Director in the company, has not been questioned much, but she might be the next in line of interrogation.

1 COMMENT

  1. The news can be said to be covered through implied form in the alert prediction of this Vedic astrology writer in article – “ Astrologically speaking , some highlights for India in coming year 2018” – published last year at theindiapost.com , simultaneously at wionews.com on 19 October , 2017. Just reproducing the text in the related prediction of the said article :-“ (1) Near mid-March to 31 May 2018. ………….Chunk of industries may have tough time while looking for vitality. Those involved in decision making or governance of big enterprises or big organizations or think-tanks in the Govt , could be prone to errors or fault-lines or controversies giving rise to revision or amendment. … Some agreements with countries having economic or trading or commercial angle could pose issues causing concern and impeding economic growth”. Here , ‘giving rise to revision or amendment’ obviously means reform or necessary remedial measures.

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