Rotomac Pen company loan default case: CBI files FIR
The Central Bureau of Investigation (CBI) on Monday registered an FIR against Rotomac Pen and its promoter Vikram Kothari for allegedly defaulting on loans of over Rs 800 crore from multiple banks.
The agency is currently carrying out raids at three locations in Kanpur where the company is based. Kothari, his wife, and his son are being questioned by a CBI team in connection with the case at their residence in Kanpur. Kothari was earlier rumoured to have left the country, but he clarified through local media yesterday that he was in Kanpur.
The CBI has registered a case against Rotomac, a pen manufacturer, on the basis of a complaint from the Bank of Baroda (BoB). The bank had in February 2017 declared Rotomac as a "willful defaulter". Rotomac had contested the tag in the Allahabad High Court on the ground that it had offered Rs 300 crore assets to the bank and still it was called a willful defaulter. The company had got an order in its favor but failed to pay the loans.
The Kanpur-based company's owner had taken a loan of more than Rs 800 crore from over five state-owned banks.
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Passenger gets back misplaced bag containing valuables worth Rs 20 lakh at Mangaluru airport
Mangaluru (Karnataka) Dec 23: A heartwarming instance of vigilance and dedication unfolded at Mangaluru international airport here on Monday when a passenger got back his bag containing valuables worth Rs 20 lakh and Rs 1 lakh in cash.
The bag, which had been inadvertently left behind at a food and beverage outlet on the ground floor of the arrivals area, was swiftly recovered by alert Central Industrial Security Force (CISF) personnel. Upon discovering the unattended bag, the team ensured its safe transfer to the terminal manager's office for further action.
Demonstrating resourcefulness, the team waited for a call on the mobile phone found inside the bag to establish contact with its owner. Once contacted, the passenger, who had already travelled nearly 50km to Udupi, was reassured about the safety of his belongings.
The passenger promptly returned to the airport and was overjoyed to find all items intact.
This seamless recovery highlighted the collaborative efforts of the CISF and airport terminal team.
