 "Vikram Kothari")
Frederick W Smith, the founder of courier company Fedex Corp, was once reportedly down to $5,000 soon after starting the (now) multi-billion dollar company. He gambled in a casino, managed to make about $27,000 and helped his company live to fight another day. Rotomac-owner Vikram Kothari didn’t share his luck.
His company was heavily indebted to banks, and reports have emerged that he had also gambled in the forex and other markets; however, with one critical difference. He lost heavily. The company is now in the dock for Rs 36.9 billion, lent through a seven-bank consortium.
The Central Bureau
His company was heavily indebted to banks, and reports have emerged that he had also gambled in the forex and other markets; however, with one critical difference. He lost heavily. The company is now in the dock for Rs 36.9 billion, lent through a seven-bank consortium.
The Central Bureau
