Discussion Rotomac Pens owner accused of 'fleeing' with Rs 800 crore

[Sai Jai]

This one involves Rotomac Pens owner Vikram Kothari, as reported by sources have confirmed that the parent company of Rotomac Pens has been accused of fleeing with Rs 800 crore that have been loaned from various government banks.

In total, Kothari has been accused of taking loans worth Rs 800 crore from five government-run banks - Allahabad Bank, Bank of India, Bank of Baroda, Indian Overseas Bank and Union Bank of India. All the aforementioned banks had "compromised" rules to give away these loans, as pee sources quoted by the report.

In the report, it was mentioned that Kothari had taken a loan of Rs 485 crore from UCO and a loan of Rs 352 crore from Allahabad Bank. However, no payment has been made towards the principal amount nor the interest.

Times Now

 

[Sai Jai]

Rotomac Pen Owner, Accused Of Rs 800-Crore Fraud, Raided By CBI

 

[Bishnu15]

I think no one in this forum use rotomac pens. At least I don't. Such a cheap brand's MD with such cheating case ! Very bad !

 

[Sai Jai]

I think no one in this forum use rotomac pens. At least I don't. Such a cheap brand's MD with such cheating case ! Very bad !

i used Rotamac pens though I don't like it after use

 

[Optimus_Prime]

i am only using 2/- use and throw pen .cheap but effective

 

[M.J.Sadiq]

Our tax money

 

[Sai Jai]

Our tax money

Aayiram(1000) , rendaiyram (2000) , naalaiyram(4000)....... Bimpilika biyaapi (tamil comedy dialogue)

 

[Kiran Reddy]

When we see these kind of incidents, feel angry thinking about tax we pay. We pay tax, some make most out of it

 

[Sai Jai]

When we see these kind of incidents, feel angry thinking about tax we pay. We pay tax, some make most out off it

Thinking the same though I can't do that as a citizen of India

 

[Kiran Reddy]

Not sure how these banks give big loans to these persons
They give us all sorts of troubles when we apply for loans even with all the securities.