According to reports, Rotomac Pens owner Vikram Kothari and his son Rahul Kothari were arrested on Thursday in connection with the Rs 3,695-crore loan default case. Investigators on Thursday reportedly raided his home and establishments in Kanpur. It’s alleged that the Kotharis defaulted Rs. 3,695 crore loan to Allahabad Bank, Bank of India, Bank of Baroda, Bank of Maharashtra, Indian Overseas Bank, Oriental Bank of Commerce and Union Bank of India.
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