CBI books Rotomac Global in Rs 750-crore bank fraud case
The CBI has booked Kanpur-based Rotomac Global and its directors for Rs 750.54 crore for alleged fraud in Indian Overseas Bank, officials said.
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The CBI has booked Kanpur-based Rotomac Global and its directors for Rs 750.54 crore for alleged fraud in Indian Overseas Bank, officials said.
NEW DELHI, Nov 16: The CBI has booked Kanpur-based Rotomac Global and its directors for alleged fraud of Rs 750.54 crore linked to Indian Overseas Bank, officials said on Wednesday. The company, which was in the business of writing instruments, has a total outstanding of Rs 2,919 crore against a consortium of seven banks led by Bank of India in which Indian Overseas Bank has an exposure of 23 per cent. The agency has booked the company and its Directors […]
The CBI has charged Kanpur-based Rotomac Global and its directors for Rs 750.54 crore for alleged fraud in Indian Overseas Bank, officials said.
CBI revealed Rotomac Global is owing Rs 2,919 crore in total by a group of seven banks, including Bank of India
The Central Bureau of Investigation (CBI) has lodged a case against Kanpur-based Rotomac Global and its directors for allegedly cheating a consortium of banks led by Indian Overseas Bank to the tune of Rs of Rs 750.54 crore.Indian Overseas Bank ...