Rotomac Rs 800 cr fraud: CBI registers FIR against promoter Vikram Kothari
The CBI has registered an FIR against Rotomac pen promoter Vikram Kothari on the basis of a complaint from Bank of Baroda for allegedly swindling over Rs 800 crore, officials said here on Monday
New Delhi: The CBI has registered an FIR against Rotomac pen promoter Vikram Kothari on the basis of a complaint from Bank of Baroda for allegedly swindling over Rs 800 crore, officials said here on Monday.
The agency started searching his residence and offices in Kanpur from early in the morning, they said.
There were no arrests in the case yet, CBI spokesperson Abhishek Dayal categorically said.
He said Kothari, his wife and his son are being examined by the CBI, which is conducting the searches.
This is the second major financial scam to break out after the sensational Rs 11,400 crore fraud allegedly committed by billionaire jewellery designer Nirav Modi and his uncle Mehul Choksi, who is a promoter of Gitanjali group of companies.
Both fled the country before the Punjab National Bank realised the depth of the alleged crime.
The motion was passed by a voice vote and Chairman M Venkaiah Naidu asked Sen to leave the House
Rakesh Asthana, Gujarat-cadre IPS officer and former CBI Special Director, appointed Delhi Police commissioner
In 2018, Asthana was in the news when he was engaged in an unsavoury spat with the then CBI Director Alok Verma
The 32-member Parliamentary Standing Committee on IT is scheduled to meet on Wednesday, for which the listed agenda is "Citizens' data security and privacy"