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Rotomac loan fraud: CBI arrests owner Vikram Kothari, son Rahul

Rotomac loan fraud: CBI arrests owner Vikram Kothari, son Rahul
By Zee Media Bureau | Updated: Feb 22, 2018, 21:35 PM IST

New Delhi: Rotomac pens owner Vikram Kothari and his son Rahul Kothari were arrested by the CBI on Thursday in connection with the alleged loan default of Rs 3,695 crore to a consortium of seven nationalised banks, news agency Press Trust of India has reported.

As per the FIR, Kothari owes Rs 754.77 crore to the Bank of India, Rs 456.63 crore to the Bank of Baroda, Rs 771.07 crore to the Indian Overseas Bank, Rs 458.95 crore to the Union Bank of India, Rs 330.68 crore to the Allahabad Bank, Rs 49.82 crore to the Bank of Maharashtra and Rs 97.47 crore to the Oriental Bank of Commerce, where the principal loan amount stands at Rs 2,919.39 crore, however, the amount swelled to Rs 3,695 crore, including the accrued interest, because of repeated defaults on payment.

On Wednesday, Kothari and his son were questioned by the CBI for the third consecutive day at the investigation agency’s headquarters in New Delhi.

Earlier, Kothari was questioned in Kanpur by CBI officials. His residence and office in Kanpur were among the multiple locations raided by CBI sleuths last week.

 

 

 

Nirav Modi gadini kooda pattukondi... UK became safe haven for financial criminals

Posted

e dabbul eggote cases anni chuste..

legal loopholes baga vadtunnaru janalu.

in Nirav Modis case legal g achuste..entire fault is of PNB

employee ni track cheyalekapovadam, SWIFT system ni incorporate cheyakunda undatam

 

next level RBI, not forcing banks to use SWIFT system.

and also how did Nirav Modi come to know that PNB is going to file charges , so that he can fly off before anything happens..here politicians play big role..

 

but all it would have been averted if PNB checked it book keeping methds.

final ga Bank odiki dobbul pedtadi Supreme Court...

Posted
1 hour ago, Spartan said:

e dabbul eggote cases anni chuste..

legal loopholes baga vadtunnaru janalu.

in Nirav Modis case legal g achuste..entire fault is of PNB

employee ni track cheyalekapovadam, SWIFT system ni incorporate cheyakunda undatam

 

next level RBI, not forcing banks to use SWIFT system.

and also how did Nirav Modi come to know that PNB is going to file charges , so that he can fly off before anything happens..here politicians play big role..

 

but all it would have been averted if PNB checked it book keeping methds.

final ga Bank odiki dobbul pedtadi Supreme Court...

Financial crimes are mostly backstabbing untayi so difficult to track. But best case lo money ni India lone circulate cheste things will be better... Jaggu bahi antha Sakshi lo pettinattu, CBN hitec city ni free ga icchinattu

Posted
2 minutes ago, chary69 said:

Nice happened to Banks

andaru mroda peti 10geyali indian banks ki 

CITI_c$y

Posted

nice happned vigililence entha sendalam ga undo mana desam lo ardam ipotundi...ee tea lu ammukune bodi gadu broker panulu sese yeshwant sinha gallu kalisi matta ku pistunnaru country economy ni...Manmohan singh the greatest financial mind along sidambaram edo economy ni gattekincharu...ippudu ee labor Bodi gadu budabukkalodi la kaburulu 10gatam tappa chesindi em ledu..edu inko term vaste desam malli venakki parigedutundi 

Posted
4 minutes ago, ARYA said:

nice happned vigililence entha sendalam ga undo mana desam lo ardam ipotundi...ee tea lu ammukune bodi gadu broker panulu sese yeshwant sinha gallu kalisi matta ku pistunnaru country economy ni...Manmohan singh the greatest financial mind along sidambaram edo economy ni gattekincharu...ippudu ee labor Bodi gadu budabukkalodi la kaburulu 10gatam tappa chesindi em ledu..edu inko term vaste desam malli venakki parigedutundi 

Congress scams ainappudu asalu evarinaina 2 days lo arrest chesara ?

Posted
2 minutes ago, dasara_bullodu said:

Congress scams ainappudu asalu evarinaina 2 days lo arrest chesara ?

country economy gurinchi emmana idea unda? leda blatant ga Bodi gadiki jai kodadam ani decide iyyava? 

Posted
3 minutes ago, ARYA said:

country economy gurinchi emmana idea unda? leda blatant ga Bodi gadiki jai kodadam ani decide iyyava? 

Bodi ki inka support em cheyyatle but bureaucrats fast ga act chestunnaru adi aithe kanipistondi... Recession america lo vaste manmoham singh em peekutadu...infact bodi teeskunna penta kante manmohan teeskunna penta better

Posted
2 minutes ago, dasara_bullodu said:

Bodi ki inka support em cheyyatle but bureaucrats fast ga act chestunnaru adi aithe kanipistondi... Recession america lo vaste manmoham singh em peekutadu...infact bodi teeskunna penta kante manmohan teeskunna penta better

nenu sepindi kuda ade...

Posted
3 minutes ago, ARYA said:

nenu sepindi kuda ade...

Inka em chesina janale cheyyali leaders ni nammukuni mg tappa 

Posted
17 minutes ago, dasara_bullodu said:

Inka em chesina janale cheyyali leaders ni nammukuni mg tappa 

janalu kuda ilage unnaru ga dabbulu teskokunda evadu estunadu vote? for example...mana2 telugu states lo vizag and hyd malkazgiri tappa vere ye constituency lo dabbulu lekunda gelavaleru ani mana Andhra Octopus jagadafaati vuncle seppakane seppadu ga

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