vikram kothari

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As Rotomac promoter vikram kothari is hounded by the CBI and the ED for an alleged Rs 3,700 crore fraud, it appears unlikely that the words said about his "Fighter" brand will hold true for him.

vikram kothari is the elder son of the late Mansukhbhai Kothari, who launched Kothari Products Ltd in 1973 and started an iconic mouth-freshener brand, “Pan Parag”. The group launched Rotomac Pens Pvt Ltd in 1992 to manufacture affordable ballpoint pens and stationery without compromising on quality.

Close on the heels of the Rs 11,360 crore PNB scam, another top businessman - vikram kothari from Kanpur -has been accused of defaulting on repayment of more than Rs 800 crore loans from five government banks. Kothari, who is the chairman & MD at Rotomac Global Private Limited, had taken loans of Rs 800 crore from Allahabad Bank, Bank of India, Bank of Baroda, Indian Overseas Bank and Union Bank of India.

Barely a week before he was taken into CBI custody on charges of defaulting on bank loans to the tune of Rs 3,000 crore, Rotomac chairman vikram kothari was among the top 100 key invitees to the mega UP investor summit.

The CBI on Monday registered an FIR against Rotomac Pens Chairman and MD vikram kothari for allegedly swindling Rs 800 crore from five state-owned banks. Kothari, his wife and son have been taken into CBI custody for questioning

In order to prevent anyone from removing or tampering with the documents or evidence, the Tilak nagar residence and two Mall road City Centre offices of Kotharis have been cordoned off by the police after CBI team, comprising of nearly 20 to 25 sleuths, launched searches again on Tuesday morning.

The Enforcement Directorate and income tax officials joined the searches at three locations and on the basis of an FIR lodged by the CBI, filed a case under the Prevention of Money Laundering Act (PMLA), sources said.

Barely a week before he was taken into the CBI custody on charges of defaulting on bank loans to the tune of Rs 3,000 crore, Rotomac chairman vikram kothari was among the top 100 key invitees to the mega UP investor summit.

The CBI on Thursday arrested Rotomac Pens owner vikram kothari and his son Rahul for allegedly cheating a consortium of public sector banks of Rs 3,695 crore. CBI says that Rotomac cheated a consortium of 7 banks by siphoning off bank loans to the tune of Rs 2,919 crore, excluding interest.

New Delhi, Feb 21 () The Income Tax Department today said it has filed six charge sheets against Rotomac owner vikram kothari for alleged tax evasion. The prosecution complaints were filed in a special court in Lucknow under various sections of the Income Tax Act, they said.

Hosted by Dr AS Prasad and vikram kothari, this do was certainly the talk of the town.

New Delhi, Feb 22 () The CBI today arrested Rotomac owner vikram kothari and his son Rahul, both directors in the company, for alleged default on loan repayments to the tune of Rs 3,695 crore, officials said here.