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CBI arrests Rotomac owner Vikram Kothari, son in 3,695 crore bank loan default caseThe CBI had earlier confiscated several belongings of Kothari and his family. PTI file

CBI arrests Rotomac owner Vikram Kothari, son in 3,695 crore bank loan default case

22 Feb 2018 | 9:28 PM

NEW DELHI: The CBI on Thursday arrested Rotomac pen company owner Vikram Kothari and his son Rahul on charges of cheating a consortium of banks of Rs 3,695 crore (including interest) by siphoning off loans sanctioned to his company for procurement of wheat and other goods for export.

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New Delhi, February 22

The CBI on Thursday arrested Rotomac pen company owner Vikram Kothari and his son Rahul on charges of cheating a consortium of banks of Rs 3,695 crore (including interest) by siphoning off loans sanctioned to his company for procurement of wheat and other goods for export.

The agency arrested them after daylong questioning at the Central Bureau of Investigation (CBI) headquarters in south Delhi’s Lodi Road area.

It was the Kotharis’ questioning for the fourth consecutive day since the CBI filed the case against him and his family, and raided their residential and office premises in Kanpur in Uttar Pradesh.

The agency filed the FIR on Sunday night after getting a complaint against Kothari, his wife Sadhana and son Rahul, from the Bank of Baroda. Kothari is the Chairman and Managing Director of Rotomac while his wife and son are Directors.

Kothari had obtained Rs 2,919 crore from Bank of India (Rs 754.77 crore), Bank of Baroda (Rs 456.63 crore), Indian Overseas Bank (Rs 771.07 crore), Union Bank of India (Rs 458.95 crore), Allahabad Bank (Rs 330.68 crore), Bank of Maharashtra (Rs 49.82 crore) and Oriental Bank of Commerce (Rs 97.47 crore), the FIR said.

Kothari, his wife, son, firm Rotomac, some unidentified bank officials and private persons were booked on charges of criminal conspiracy, cheating and forgery under the Indian Penal Code and Prevention of Corruption Act.

The Bank of Baroda complaint said that the banks had extended credit to the Kanpur-based firm and its related companies from 2008 onwards.

The CBI had earlier confiscated several belongings of Kothari and his family, including laptops and mobile phones. — IANS

Come up with concrete, implementable plan to repay dues: PNB to Nirav

Come up with concrete, implementable plan to repay dues: PNB to Nirav

22 Feb 2018 | 9:42 PM

NEW DELHI: The scam-hit Punjab National Bank on Thursday asked billionaire diamond jeweller Nirav Modi to come up with a concrete and implementable plan to settle the loss caused to it by fraudulent issuance of Letter of Undertakings (LoUs) through one of its branches.

CBI busts Whatsapp-based global child porn racket

CBI busts Whatsapp-based global child porn racket

22 Feb 2018 | 8:20 PM

NEW DELHI: The CBI on Thursday registered a case and booked five persons on charges of uploading and circulating child pornography through a Whatsapp group that had 119 members from both India and abroad.

Canadian commission cancels dinner invite to Khalistan terrorist

Canadian commission cancels dinner invite to Khalistan terrorist

22 Feb 2018 | 5:00 PM

NEW DELHI: Canadian High Commissioner Nadir Patel has cancelled Thursday’s dinner invitation to Jaspal Atwal, a convicted Khalistani terrorist. Patel was hosting the dinner for Justin Trudeau.

Jaspal Atwal no longer on MHA blacklist

Jaspal Atwal no longer on MHA blacklist

22 Feb 2018 | 6:11 PM

NEW DELHI: Jaspal Atwal, a convicted Khalistani terrorist, whose invitation to a dinner in honour of visiting Canadian Prime Minister Justin Trudeau was rescinded following a controversy, no longer figures on the Home Ministry’s blacklist of Sikh extremists, officials said.

Canada supports strong, united India: Foreign Minister Freeland

Canada supports strong, united India: Foreign Minister Freeland

22 Feb 2018 | 10:16 PM

NEW DELHI: Canadian Foreign Minister Chrystia Freeland on Thursday said Canada “supports a strong and united India”, but made it clear that it is “very, very proud” of her country’s diverse society, which includes the Sikh community.

Punjabi Sikh’s turban ripped outside  parliament in United Kingdom

Punjabi Sikh’s turban ripped outside parliament in United Kingdom

22 Feb 2018 | 12:18 PM

LONDON: A Punjabi Sikh man’s turban was ripped by a white man in an apparent racist attack outside the United kingdom (UK) parliament, according to a media report.

Citing volatile border, Capt wants special status for Punjab

Citing volatile border, Capt wants special status for Punjab

22 Feb 2018 | 9:20 PM

CHANDIGARH: Punjab Chief Minister Capt Amarinder Singh on Thursday sought a ‘special category’ status for Punjab to facilitate restoration of the 90:10 sharing pattern for centrally sponsored schemes, to enable the state to expedite its development programmes.

Army Chief Gen Rawat questions AIUDF’s rise, triggers row

Army Chief Gen Rawat questions AIUDF’s rise, triggers row

22 Feb 2018 | 7:52 PM

GUWAHATI: Army Chief General Bipin Rawat has triggered a major row with his remarks that the AIUDF party has been growing faster than the BJP in Assam allegedly on the support of the Muslim population.

ED seizes Rs 100 crore assets, luxury cars of Nirav Modi, Choksi

ED seizes Rs 100 crore assets, luxury cars of Nirav Modi, Choksi

22 Feb 2018 | 8:17 PM

MUMBAI/NEW DELHI: Intensifying the crackdown on the Nirav Modi and Mehul Choksi groups, the ED on Thursday said it has frozen their shares, deposits and luxury cars worth over Rs 100 crore.

SC asks if Kerala HC was justified in annulling Hadiya’s marriage

SC asks if Kerala HC was justified in annulling Hadiya’s marriage

22 Feb 2018 | 6:12 PM

NEW DELHI: The Supreme Court on Thursday asked if a roving inquiry could be ordered into the “issue of consent” between two adults who married at will.

India among 'worst offenders' in corruption in Asia Pacific region

India among 'worst offenders' in corruption in Asia Pacific region

22 Feb 2018 | 6:12 PM

NEW DELHI: India has been ranked 81st in the global corruption perception index for 2017, released by Transparency International. The index ranks 180 countries.

Pak court moved for renaming roundabout in Lahore after Bhagat Singh

Pak court moved for renaming roundabout in Lahore after Bhagat Singh

22 Feb 2018 | 7:21 PM

LAHORE: A petition has been filed in a Pakistani court seeking renaming of Lahore’s Shaadman Chowk where freedom fighter Bhagat Singh was hanged 86 years ago and installation of his statue there.


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CITY FOCUS

Bizman kidnapped in his Merc for ransom

Bizman kidnapped in his Merc for ransom

22 Feb 2018 | 2:34 AM

CHANDIGARH: Three miscreants kidnapped a businessman in his Mercedes SUV at gunpoint from Sector 9 and released him near Elante Mall after taking a ransom of Rs 3 lakh and fled with his SUV late tonight.

NoUjjal Dosanjh. Tribune file

Canadian PM, politicians must not attend events glorifying militants: Ujjal

22 Feb 2018 | 10:29 PM

TORONTO: Former Canadian health minister Ujjal Dosanjh has said that politicians in Canada have failed to appreciate India’s deep sensitivities about Khalistani activities.

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1984 riots: HC upholds anticipatory bail order of Sajjan Kumar

22 Feb 2018 | 9:53 PM

NEW DELHI: The Delhi High Court on Thursday upheld a trial court order granting anticipatory bail to Congress leader Sajjan Kumar in two anti-Sikh riots cases of 1984.

No

Do not support separatists, Canadian PM assures Capt

22 Feb 2018 | 11:50 AM

AMRITSAR:Canadian Prime Minister Justin Trudeau today said his country did not support any separatist movement in India or elsewhere, even as Punjab Chief Minister Capt Amarinder Singh handed over a list of nine Canada-based operatives allegedly promoting radicalism.

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Was Harsimrat sidelined?

22 Feb 2018 | 1:16 AM
Canada explores trade avenues

Canada explores trade avenues

22 Feb 2018 | 1:16 AM

Cong expels 28 rebels

22 Feb 2018 | 1:16 AM
Curious case of Vipassana Insan

Curious case of Vipassana Insan

22 Feb 2018 | 1:06 AM

CHANDIGARH: The case of Dera Sacha Sauda chairperson Vipassana Insan is a curious one for the Haryana Police. She is “hiding” for the police force of one district, but available for questioning for the police of other district.

‘Bias’ during PM’s speech: School staff transferred

22 Feb 2018 | 1:18 AM

KULLU: Education Secretary Arun Sharma said all teaching staff of high school in Chesta village had been transferred after alleged discrimination with students of a particular category during PM Narendra Modi’s ‘Pariksha Par Charcha’ speech on February 16.

Army commando injured in gunfight with militants in J&K

Army commando injured in gunfight with militants in J&K

22 Feb 2018 | 6:56 PM

SRINAGAR: An Army commando was on Thursday injured in a gunfight with militants, who managed to escape, in Bandipora district of Jammu and Kashmir, sources said. Security forces launched a counter-insurgency operation in the Hajin area of Bandipora on Thursday morning following information about the presence of four militants there, sources said.

Most MLAs sitting on development funds

Most MLAs sitting on development funds

22 Feb 2018 | 12:47 AM

DEHRADUN: The newly-elected MLAs have spent just 12 per cent of the funds released under the MLA Local Area Development fund (MLALAD) for the financial year 2017-18, which will end on March 31.

Enough assets to meet any liability, says scam-hit PNB

Enough assets to meet any liability, says scam-hit PNB

22 Feb 2018 | 5:36 PM

MUMBAI: The state-owned PNB on Thursday said it has followed lawful avenues to recover its dues following Rs 11,400 crore swindling of funds allegedly by jewellery designer Nirav Modi and associates. The country’s second-largest public sector lender also reaffirmed that it has enough assets to meet any liability.

NoEast Bengal and Minerva Punjab players in action. File photo

AIFF changes I-League match dates involving three titles contenders

22 Feb 2018 | 8:33 PM

NEW DELHI: With the I-League title race going down the wire, the All India Football Federation (AIFF) has made changes in the dates of three crucial matches involving championship contenders Minerva Punjab FC, East Bengal and Neroca FC.

No

De Gea stars as Manchester United settle for Sevilla draw

22 Feb 2018 | 8:40 PM

SEVILLE: David de Gea deflected the attention away from Paul Pogba with another spectacular display of goalkeeping as Manchester United came away from their Champions League last 16, first leg against Sevilla in Spain with a 0-0 draw.

No

Isolated Bale scrutinised by Spanish media

22 Feb 2018 | 8:26 PM

MADRID: Real Madrid forward Gareth Bale was the focus of unwanted attention in the Spanish media on Thursday after the 100-million euro signing was left out of the team’s starting line-up for the third time in four games.

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Remedy worse than disease

Remedy worse than disease

19 Feb 2018 | 12:53 AM

The healing code

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THE THREE ONE-DAY SERIESNORTHEAST POLLS: Meghalaya, Nagaland & Tripura

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