While the dust had not even settled on the Nirav Modi financial fraud and the ED was in the process of conducting raids, news trickled in yesterday about another businessman, Vikram Kothari, the promoter of Rotomac Pen fleeing the country after swindling Rs. 800 crores from various public sector banks.
After billionaire diamantaire Nirav Modi, another defaulter Vikram Kothari, the promoter of Rotomac Pen, has also allegedly gone abroad after swindling Rs 800 crore from various public sector banks including Allahabad Bank, Bank of India and Union Bank of India, sources said.
— IndiaTodayFLASH (@IndiaTodayFLASH) February 18, 2018
The news of Vikram Kothari absconding was relayed by every major news agency there is.
Vikram Kothari, the promoter of Rotomac Pen, has allegedly gone abroad after swindling Rs 800 crore from various public sector banks, including Allahabad Bank.https://t.co/Xbm8EceRCz
— The Indian Express (@IndianExpress) February 18, 2018
After #NiravModi, Rotomac Pen’s Rs. 800 crore defaulter flees country https://t.co/P3HUOCCLXP pic.twitter.com/TClzv8KSpc
— NDTV (@ndtv) February 18, 2018
#FrontPage
Another Nirav Modi in making? Rotomac Pen’s Rs 8 billion defaulter flees country #PNBScamhttps://t.co/LQyH5Gh6japic.twitter.com/6x6z87Af4D— Business Standard (@bsindia) February 19, 2018
As soon as this news of Kothari fleeing the country was broken, which turned out to be false later, the usual suspects started their cacophony about how Narendra Modi must answer.
#Rotomac Pen owner Vikram Kothari is latest to join #Modigang after duping thousands of crore of 5 banks. Yes, one more fraudster ran away.
The #Chaukidar is still sleeping.#ModiRobsIndia— Sanjay Nirupam (@sanjaynirupam) February 17, 2018
One more big businessperson leaves public sector banks in the lurch after borrowing large amounts and then leaves the country – Rotomac owner flees India after taking Rs800 crore loans https://t.co/qiBpCsXPf2
— ParanjoyGuhaThakurta (@paranjoygt) February 19, 2018
https://t.co/7qSKssPafg? One more fraudster runs away with the country’s money.. only this time it’s not a ‘Modi’.
— Pankhuri Pathak (@pankhuripathak) February 18, 2018
This rotomac fellow really liked Modi Kurtas, as per this ?? article #justsayinghttps://t.co/ZKtVYX9L1H
— Ushinor Majumdar (@_Ushinor) February 18, 2018
Some didn’t even shy away from connecting the false news to demonetisation. The irony of it all is that Ms Dalal is the managing editor of MoneyLifeIndia and trustee of MoneyLifeF that deals with Finance news.
Rotomac Pen promoter flees abroad after 800cr default! Will @narendramodi accept @Swamy39 idea Of nationalising wealth stashes abroad to bring these guys back? So far wasteful demonetisation has only destroyed our economy and harassed ordinary Indians while defaults will soar!
— Sucheta Dalal (@suchetadalal) February 19, 2018
Soon, news emerged that Kothari was still present in Kanpur and hadn’t fleed the country at all.
Contrary to media reports, Rotomac Pens owner #VikramKothari is still present in Kanpur, he has not left the country. https://t.co/iEqgv4i8i5
— ANI UP (@ANINewsUP) February 19, 2018
While the news of his still being present emerged early this morning, news started trickling in about how the CBI was not only conducting raids in various locations related to Vikram Kothari but was also questioning the Kothari family.
Central Bureau of Investigation is conducting searches in 3 locations in Kanpur. Bank of Baroda had registered complaint with CBI against Rotomac Pens owner #VikramKothari. Kothari is currently being questioned by CBI along with his wife & son.
— ANI UP (@ANINewsUP) February 19, 2018
The CBI has not registered a case against Rotomac pen promoter Vikram Kothari and has been arrested.
#BREAKING — Rotomac owner Vikram Kothari has been arrested by CBI pic.twitter.com/NdOOsnZXp9
— News18 (@CNNnews18) February 19, 2018
Now that the CBI has arrested Kothari from India, the media must be questioned as to what their source of this false news was.
