Rotomac Scam reaches Rs 3,695 crore, fails to repay loans of 7 banks

Rotomac Pens Owner Vikram Kothari was declared a wilful defaulter in 2017 for failing to repay loans of 7 banks including Allahabad Bank. The CBI has investigated him for defaulting on Rs 3,695 crore. nvestigators raided Vikram Kothari's home and establishments in Uttar Pradesh's Kanpur around daybreak, hours after the CBI filed a First Information Report.

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