A few hours after he denied reports of having fled the country, CBI started searching Rotomac Pens MD Vikram Kothari's residence and offices in Kanpur from early in the morning, for the alleged Rs 800 crore bank loan fraud. The banks impacted by his loan default include Allahabad Bank, Bank of India and Union Bank of India. Reports of his absconding act, much like billionaire diamantaire Nirav Modi, ran rife after his Mall Road office in Lucknow was found locked for a week. 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. CBI has registered an FIR against Kothari.
A few hours after he denied reports of having fled the country, CBI started searching Rotomac Pens MD Vikram Kothari's residence and offices in Kanpur from early in the morning, for the alleged Rs 800 crore bank loan fraud. The banks impacted by his loan default include Allahabad Bank, Bank of India and Union Bank of India. Reports of his absconding act, much like billionaire diamantaire Nirav Modi, ran rife after his Mall Road office in Lucknow was found locked for a week. 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. CBI has registered an FIR against Kothari.
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