Rotomac Pens owner Vikram Kothari, his son Rahul arrested in Rs 3,695 crore loan default case

The father-son duo was questioned for four days. The income tax department has attached four immovable properties belonging to Kothari.

The Central Bureau of Investigation (CBI) today arrested Rotomac Pens owner Vikram Kothari and his son Rahul in connection with the Rs 3,695 crore loan default case.

The arrest of the Kanpur-based industrialists came after four consecutive days of questioning by the CBI. Their residence and office premises in Kanpur were also searched.

The Income Tax Department has also attached four immovable properties of Kothari, three in Kanpur and one in Ahmedabad, Gujarat.

Besides the two, the pen company owner's wife Sadhana, staff and house keeper were also questioned after the Bank of Baroda filed a complaint of loan default against the Kotharis on Sunday night.

A consortium of seven banks had extended multi-crore credits to the Kanpur-based firm and its related companies from 2008 onwards.

Kothari is the Chairman and Managing Director of Rotomac, while his wife and son are directors of the company.

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