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Showing posts from January, 2020

Rotomac Pens Fraud - How Vikram Kothari conned 7 banks ?

In the year 2017, India woke up to one big news of two magicians named as Vijay Mallya & Nirav Modi .Their names ashore so much equal to Shah Rukh Khan ever did. After a year later,another tycoon was also blown out. But  I am sure none of us have ever heard of Rotomac - How a Rs 3700 crore con was penned ?  Now all the question arises - What is Rotomac ? How much did it take Vikram Kothari to be-fraud more than one bank in a same way ? Who else was behind it ? Did he get punished or flew away as like others ? Above all, Is our judicial system bowing down its great pride in-front of the biggest criminals, our Indian history has ever seen ? After all, where is he NOW ????  Rotomac Scam is one of the scams which has wiped out almost Rs 3695 crores of the public sector banks and the main master mind behind this successful operation was Vikram Kothari, the owner of the Rotomac Group of Companies.           ...