 "Rotomac")
The Central Bureau of Investigation (CBI) has booked Kanpur-based businessman Vikram Kothari, his wife and son in connection with the alleged swindling of Rs 36.95 billion of loan funds advanced by a consortium of seven banks to his company Rotomac Global.
The scam has surfaced in the backdrop of Rs 114 billion alleged fraud reported by Punjab National Bank, involving billionaire Nirav Modi and his uncle, Mehul Choksi. Rotomac Global was given loans worth Rs 29.19 billion from 2008 onwards by a consortium of banks led by Bank of India which have swelled to Rs 36.95 billion including the accrued interest,
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