Rotomac Pens Owner, Accused Of Rs 3,700-Crore Fraud, Raided By C Vikram Kothari was declared a wilful defaulter in 2017 for failing to repay loans taken from the Allahabad Bank, Bank of India, Bank of Baroda, Indian Overseas Bank and Union Bank of India Story Highlights After Nirav Modi case, another major bank default scandal emerges Vikram Kothari, wife and son questioned by CBI officers, raids at 4 am He was declared a wilful defaulter in 2017 for failing to repay loans New Delhi: industrialist Vikram Kothari, the promoter of Rotomac Pens, is being investigated by the CBI for defaulting on more than Rs 3,700 crore in loans from government banks. Investigators raided Vikram Kothari's home and establishments in Uttar Pradesh's Kanpur around daybreak, hours after the CBI filed a First Information Report (FIR). Vikram Kothari has denied any wrongdoing. "Yes, I took a loan from the bank but it's wrong information that I haven't paid," he said. ...