Rotomac Pens Owner, Accused Of Rs. 3,700-Crore Fraud, Raided By CBI | Read
After billionaire jeweller Nirav Modi, industrialist Vikram Kothari, the promoter of Rotomac Pens, is being investigated by the CBI for defaulting on more than Rs. 3,700 crore in loans from government banks. Investigators raided Vikram Kothari's home and establishments in Uttar Pradesh's Kanpur around daybreak, hours after the CBI filed a First Information Report (FIR). Vikram Kothari has denied any wrongdoing. "Yes, I took a loan from the bank but it's wrong information that I haven't paid," he said.
