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After Mallya and Modi, Rotomac's owner flees country - Etv

Mon, Feb 19, 2018, 08:11 AM
After Nirav Modi's huge scam, another scam has unearthed as Rotomac Chairman Vikarm Kotari has cheated Public Sector Banks, including Allahabad Bank, Bank of India, Bank of Baroda and Indian Overseas Bank of Rs 800 crores. It is learned that the Banks have given loans after violating norms. Union Bank has lent Rs 485 crore and Allahabad Bank has provided a loan of Rs 350 crore, but the company failed to pay even interests and hence it was included as a 'wilful defaulter'. Watch the video for more info.
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