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Shikari Megastar Username: Shikari Post Number: 24577 Registered: 03-2010 Posted From: 124.123.60.208 Rating: N/A |
After billionaire diamantaire Nirav Modi, another defaulter Vikram Kothari, the promoter of Rotomac Pen, has also allegedly gone abroad after swindling Rs 800 crore from various public sector banks including Allahabad Bank, Bank of India and Union Bank of India,sources said. The Kanpur-based company's owner had taken a loan of more than Rs 800 crore from over five state-owned banks. Allahabad Bank, Bank of India, Bank of Baroda, Indian Overseas Bank and Union Bank of India compromised their rules to sanction loans to Rotomac, sources said. Kothari took a loan of Rs 485 crore from Mumbai-based Union Bank of India and a loan of Rs 352 crore from Kolkata-based Allahabad Bank. A year later, Kothari has reportedly not paid back either the interest or the loan. https://economictimes.indiatimes.com/news/politics-and-natio n/now-rotomac-pens-rs-800-crore-defaulter-flees-country/arti cleshow/62972497.cms http://i.imgur.com/eUYcc.gif |