CBI arrested Rotomac pen company owner Vikram Kothari and his son
Written by : SMTV24x7 | Fri, Feb 23, 2018, 01:47 AM
New Delhi, Feb 23: The CBI on Thursday arrested Rotomac pen company owner Vikram Kothari and his son Rahul on charges of cheating a consortium of banks of Rs 3,695 crore (including interest) by siphoning off loans sanctioned to his company for procurement of wheat and other goods for export.
The Income Tax Department also issued a showcause notice to Kothari asking why prosecution be not initiated against the group.
The agency arrested the two after day-long questioning at the Central Bureau of Investigation (CBI) headquarters in south Delhi's Lodi Road area.