It's a loan default case, not fraud: Rotomac owner's lawyer
Amid allegations that Rotomac Pens' owner Vikram Kothari defrauded state-owned banks of more than â¹800 crore, his lawyer has said it is a case of loan default. The CBI has registered a case of wilful loan default involving Vikram Kothari and others based on a complaint by Bank of Baroda. Following this, the CBI raided Kothari's homes and offices.