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The company has a total outstanding of Rs 2,919 crore of which Indian Overseas Bank has an exposure of 23 per cent, , bank fraud, bank of india, Rotomac Global, cbi raid
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