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ROTOMAC GLOBAL
CBI books Rotomac Global in Rs 750 crore bank fraud caseThe agency has booked the company and its Directors - Sadhna Kothari and Rahul Kothari - under IPC sections related to criminal conspiracy ...- Indian Overseas Bank seeks buyers for 344 bad loansAban Holdings has outstanding loans of ₹1,271 crore, the largest account on the list. Two Essar companies are Essar Oil & Gas Exploration w...
- ED attaches Rs 177-cr assets in Rotomac bank fraud caseThe agency alleged that these assets were the "proceeds of crime" of the illegal act of money laundering.
- Lenders decline additional extension to Rotomac firmsRotomac Exports and Rotomac Global will now be auctioned by the bankruptcy court.
- Rotomac companies set to be shut nowRotomac Exports and Rotomac Global, firms promoted by banking-fraud accused Vikram Kothari, will now be auctioned by the bankruptcy court.
- Will Rotomac companies face liquidation?Bank of India, Bank of Baroda, Oriental Bank of Commerce, Allahabad Bank, Union Bank of India, and Bank of Maharashtra have jointly lent cl...
- Rotomac case: I-T files dozen fresh charge sheets; attaches 3 accountsThe Income Tax Department also attached three more bank accounts of the company as part of its latest action against it for alleged tax eva...
- Rotomac case: I-T dept files 6 charge sheets against Vikram KothariThe Kanpur-based group is being probed by the CBI and the ED in connection with the alleged swindling of Rs 3,695 crore of loan funds.
- Friendly play between banks and Rotomac: Debt tribunalThe tribunal held that the banks had concealed letters deliberately: first, to help the defendants and second, to hide its own conduct rega...
- Vikram Kothari, owner of Rotomac, arrested by CBI in loan default caseThe CBI officials said that Vikram Kothari and his son, who were called for questioning, were arrested after they failed to cooperate with ...
- Allahabad Bank stock swings to red on Rotomac exposureThe bank said the accounts of Rotomac Global and Rotomac Exports have been filed with the National Company Law Tribunal.
- Bank of Baroda denies it delayed action in Rotomac caseWhile BoB declared the company an NPA in February 2016, the account was not an NPA with other lenders as the borrower was repaying only som...
- Rotomac loan turned NPA in FY16; made full provision: Bank of IndiaThe accounts were subsequently classified as NPA in the year 2015-16. The bank had made 100 per cent provisions on the amount outstanding, ...
- BoB sat on Rotomac case for 2 years, ran to CBI after Nirav Modi scam brokeThe public sector bank remained silent for two years despite facing a Rs 6,172 crore forex scam in 2015 in which money was sent from India ...
- From stationery czar to loan defaulter: The rise and fall of Rotomac boss Vikram KothariWhat seemed like an uninterrupted success story gave way to a contrary reality as Kothari finds himself accused of loan default worth thous...
- Bank of Baroda says it has exposure of Rs 456.6 cr to RotomacBank of Baroda also clarified that the account was declared NPA in October 2015 and 100% provision has been made towards the account.
- Rotomac scam: How Vikram Kothari used virtual offices, round-tripping to dupe banksRotomac violated FEMA rules and worked for interest rate differential in local and foreign currency in the guise of trade without having an...
- With Rotomac in the eye of a storm, here's a look at owner Vikram Kothari's tempestuous journeyBeing hounded by sleuths for an alleged Rs 3,700-cr fraud, it appears unlikely that the words said about Kothari's "Fighter" brand will hol...
- Rotomac scam: Tax department attaches 11 bank accountsRotomac promoter Vikram Kothari is being investigated by the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) for an ...
- Rotomac bank fraud: CBI books Vikram Kothari, his wife and son in Rs 3,695-crore scamThe banking scam has surfaced in the backdrop of Rs 11,384 crore alleged fraud reported by Punjab National Bank, involving billionaire Nira...
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