ADD ANI AS A TRUSTED SOURCE
googleads
Menu
General News

Vikram Kothari rebuffs reports of non-repayment of bank loans

Kanpur (Uttar Pradesh) [India], Feb 19 (ANI): Rotomac Pens owner Vikram Kothari rebuffed the reports of not repaying bank loan worth Rs. 837 crore.

ANI Feb 19, 2018 13:31 IST googleads

Vikram Kothari rebuffs reports of non-repayment of bank loans

Kanpur (Uttar Pradesh) [India], Feb 19 (ANI): Rotomac Pens owner Vikram Kothari rebuffed the reports of not repaying bank loan worth Rs. 837 crore.

Kothari on February 16 said that he has not done anything wrong and would not run away from the country.

"Yes I took a loan from the bank, but it's wrong to say I am not paying it back. I live in Kanpur and will continue to live here, I am not running away anywhere, no country better than India," Kothari said.

Earlier in the day, the Central Bureau of Investigation filed a case against Kothari and others.

Furthermore, raids are presently underway at his residence in Kanpur.

On Sunday, reports surfaced that Kothari was allegedly 'missing' from Kanpur in possession of a bank loan worth Rs. 837 crore.

Kothari had taken a loan worth Rs. 352 crore from the Kanpur branch of Allahabad Bank and Rs. 485 crore from three other banks, namely Bank of Baroda, Indian Overseas Bank, and Union Bank of India.

Rajesh Gupta, a Recovery Agent of Allahabad Bank, told ANI that the loan amount was being recovered from the attached properties of Kothari.

Since last week, Kothari's office in Kanpur's City Center road has been locked, and he has been untraceable ever since. (ANI)

Get the App

What to Read Next

Politics

Giriraj Singh slams Rahul Gandhi over conduct in Parliament

Giriraj Singh slams Rahul Gandhi over conduct in Parliament

Speaking to reporters here on Thursday, Singh said the opposition had sought permission to speak on the issue of LPG, but did not adhere to the subject.

Read More
Politics

YSRCP files PIL challenging Andhra Pradesh govt’s land policy

YSRCP files PIL challenging Andhra Pradesh govt’s land policy

Former Andhra Pradesh Minister Gudivada Amarnath on Thursday said that the YSR Congress Party (YSRCP) has filed a Public Interest Litigation (PIL) challenging the land policy of the state government, alleging that large extents of valuable public land are being allotted to a few real estate companies at very low prices.

Read More
Politics

Congress' Muraleedharan says LPG shortage "affecting families"

Congress' Muraleedharan says LPG shortage

"Most of the hotels are closed. Even in the few that are open, we are not getting proper food. This situation is affecting families as well. Therefore, we request the Central Government to intervene in this matter and take strong action to ensure the supply of LPG gas," Muraleedharan told reporters in Thiruvananthapuram.

Read More
General News

Woman found dead in hotel room in North Delhi

Woman found dead in hotel room in North Delhi

According to Delhi Police, around 12:30 am, staff of Prince Hotel located at SPM T-point on Church Mission Road informed the beat staff that Room No. 205 was locked and the guest inside was not responding despite repeated knocking.

Read More
Politics

"No shortage of petrol, diesel or LPG": Hardeep Singh Puri

In his statement in the Lok Sabha, Puri said the government has taken multiple measures to safeguard the country's energy security and ensure the uninterrupted availability of petroleum products, cooking gas, and natural gas.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.