 "Police personnel outside Rotomac Global MD Vikram Kothari's bungalow after the CBI conducted a raid, Kanpur on Monday PTI")
Rotomac pen promoter Vikram Kothari faced heat of central agencies after the Central Bureau of Investigation (CBI) as well as the Enforcement Directorate (ED) registered separate cases against him and his company for allegedly swindling of billions from seven banks from 2008.
Rotomac Global Private Limited cheated a consortium of banks to the tune of Rs 36.95 billion (Rs 3,695 crore), including interest by siphoning off loans sanctioned to the company for procurement of wheat and other goods for export.
The CBI registered a case after receiving a complaint from Bank of Baroda against Kanpur-based Rotomac
