Days after the news of Punjab National Bank duped of Rs 11, 360 crores over a period of seven years, another bank fraud has come to light where the parent company of Rotomac Pens is accused of fleeing with loans of more than Rs 800 crore from various PSU banks.
According to News18 report, the owner of the company Vikram Kothari had taken over Rs 800 crores from five PSU banks Allahabad Bank, Bank of India, Bank of Baroda, Indian Overseas Bank and Union Bank of India.