Wednesday, February 21, 2018
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Rotomac: Kothari, son in CBI custody

21 Feb 2018 | 2:24 AM

LUCKNOW:The CBI on Tuesday took Rotomac group directors Vikram Kothari and his son Rahul in custody in the close to Rs 4,000 crore loan default case.

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Rotomac: Kothari, son in CBI custodyVikram Kothari

Tribune News Service

Lucknow, February 20

The CBI on Tuesday took Rotomac group directors Vikram Kothari and his son Rahul in custody in the close to Rs 4,000 crore loan default case.

Sources said the father-son duo was brought to Lucknow in their own Skoda car along with three cars containing a stockpile of documents relating to the case.

Arriving at the Kothari’s plush Tilak Nagar residence in Kanpur on Tuesday morning, the CBI team took Vikram Kothari, wife Sadhna, son Rahul and daughter-in-law Archana along to search various factories, business establishments and bank accounts in their presence and continued with their questioning on the second consecutive day.

They are all directors in the Rotomac Global Pvt Ltd and were presented before the National Company Law Tribunal. The bank account of the Kotharis in Kotak Mahindra’s Mall road branch was frozen and their passports seized to prevent them from fleeing the country. 

The CBI had filed an FIR against Kothari and his family after a complaint was filed against them by the Bank of Baroda.  Vikram Kothari had taken loan from seven banks for various projects. The highest amount of Rs 755 crore was from Bank of India. The Bank of Baroda had loaned Rs 457 crore and after default it lodged a complaint on which the CBI filed the FIR. 

Kothari had taken Rs 771 crore from Indian Overseas Bank, Rs 459 crore from Union Bank of India, Rs 97.47 crore from Oriental Bank of Commence, Rs 49.83 crore from Bank of Maharashtra and Rs 330 crore from Allahabad Bank.

Interestingly, he had mortgaged property worth Rs 20 crore with the Allahabad Bank for a loan of Rs 330 crore. On evaluation the property was found to be worth not more than Rs 12 crore!

I-T dept attaches 14 bank accounts

  • The I-T Department has attached 14 bank accounts in connection with an alleged tax evasion probe against the Rotomac group and its promoters
  • The provisional attachment action has been carried out to ‘recover outstanding tax demands’, understood to be about Rs 85 crore, officials said
  • They added that while the 11 accounts frozen Monday night are in the name of the Rotomac group, the rest are in the name of the Kothari family.
Kanpur tycoon: Stationery czar to loan defaulter

Kanpur tycoon: Stationery czar to loan defaulter

21 Feb 2018 | 1:46 AM

KANPUR:The sprawling 4,000 square yard ‘Santushti’ mansion in the plush Tilaknagar locality here wears a forlorn look but for the occasional comings and goings of vehicles belonging to the Central Bureau of Investigation (CBI) sleuths.

PNB scam: SC to hear plea seeking SIT probe today

PNB scam: SC to hear plea seeking SIT probe today

21 Feb 2018 | 1:46 AM

NEW DELHI:The SC will hear a plea seeking an SIT probe and jeweller Nirav Modi’s deportation in the over Rs 11,000 crore PNB fraud case on Wednesday.

Naxal-hit Malkangiri to get first rail line

21 Feb 2018 | 1:46 AM

NEW DELHI:The government today approved six Railway projects worth more than Rs 11,500 crore, which include laying of the first-ever rail line, measuring 130 km, in Odisha’s Naxal-affected Malkangiri, which will cost Rs 2,676 crore.

Two Sangma dynasties vie to rule Meghalaya

Two Sangma dynasties vie to rule Meghalaya

21 Feb 2018 | 1:46 AM

GUWAHATI:As Meghalaya goes to the polls on February 27, the focus will be on two Sangma dynasties with one of them sure to assume power in the state once the Assembly results are out on March 3.

Clear stand on MPs’ salaries: SC to govt

21 Feb 2018 | 1:46 AM

NEW DELHI:The Supreme Court today gave the “last opportunity” to the Centre to spell out its stand on setting up a permanent mechanism for determining sitting parliamentarians’ salaries and allowances.

Humanoid Sophia, the cynosure of all eyes at AP event

Humanoid Sophia, the cynosure of all eyes at AP event

21 Feb 2018 | 1:46 AM

HYDERABAD:Sophia, the world’s first humanoid robot capable of having intelligent conversations with humans, was the cynosure of all eyes at the World Congress on Information Technology here today as she handled the questions with a ready wit and quick thinking.

MS Randhawa’s wife passes away at 101

MS Randhawa’s wife passes away at 101

21 Feb 2018 | 1:46 AM

CHANDIGARH:Iqbal Kaur Randhawa, wife of Chandigarh’s first Chief Commissioner late Dr MS Randhawa, passed away at a private hospital here yesterday after a brief illnesses.

Soon, Parliament to have a creche

21 Feb 2018 | 1:46 AM

New Delhi: The Parliament House will soon open a creche facility on its premises so as to have an inclusive work environment for its women employees.

Cardiologist BK Goyal dead

21 Feb 2018 | 1:46 AM

MUMBAI:Renowned cardiologist Dr BK Goyal passed away here on Tuesday following cardiac arrest, a family member said.

Indigenous hounds for ITBP

21 Feb 2018 | 1:48 AM

CHANDIGARH:In a departure from the past practice, the Indo-Tibetan Border Police Force (ITBP) has inducted a purely indigenous breed of dogs for its canine (K-9) squads to assist personnel in security-related duties.

PM hardsells pro-farmer budget plan

21 Feb 2018 | 1:46 AM

NEW DELHI:Prime Minister Narendra Modi today hardsold pro-farmer initiatives announced in his government’s last full-year budget, saying more agriculture credit and easy access to markets will help boost farm income.

Complete Assam citizens’ register by May 31: SC

21 Feb 2018 | 1:46 AM

NEW DELHI:The Supreme Court today refused to extend the deadline for publication of the final National Register of Citizens (NRC) in Assam and directed the Centre to complete the work by May 31.

100 farmers held in R’sthan

21 Feb 2018 | 1:46 AM

JAIPUR:In a pre-empt to foil the Akhil Bhartiya Kisan Sabha's (ABKS) march to “gherao” Vidhan Sabha on February 22, demanding complete waiver of crop loans, the Rajasthan Police on Tuesday arrested at least 100 farmers and senior leaders.

In jail, Atiq Ahmad files papers for Phulpur LS bypoll

21 Feb 2018 | 1:46 AM

LUCKNOW:Mafia don-turned-politician Atiq Ahmad, lodged in Deoria jail, filed his nomination as an independent candidate from Phulpur Lok Sabha constituency on Tuesday, the last day for filing nominations.

By the way..

Itkhori to have world’s tallest stupa: Das

21 Feb 2018 | 1:46 AM

Chatra/Ranchi: The world’s tallest Buddha stupa will be built at Itkhori in Jharkhand, Chief Minister Raghubar Das has said.

First big arrest in PNB fraud: Vipul Ambani held by CBI

First big arrest in PNB fraud: Vipul Ambani held by CBI

20 Feb 2018 | 10:36 PM

NEW DELHI: The CBI on Tuesday arrested Vipul Ambani, the president (finance) of Nirav Modi’s Fire Star Diamond, in connection with Rs 11,384 crore fraud in Punjab National Bank (PNB), making it the first high profile arrest in the case, officials said.

Shoe hurled at Odisha CM at election meeting

Shoe hurled at Odisha CM at election meeting

20 Feb 2018 | 10:20 PM

BARGARH: A man hurled a pair of shoes at Odisha Chief Minister Naveen Patnaik when he was addressing an election meeting in Bargarh district on Tuesday, police said. (Video inside)

Those unhappy with India’s rise trying to create tension: Bhagwat

Those unhappy with India’s rise trying to create tension: Bhagwat

20 Feb 2018 | 10:16 PM

VARANASI: RSS chief Mohan Bhagwat on Tuesday said those uncomfortable with India’s rise globally were spreading false narratives by distorting history to create tension in the society.

India says lift emergency, Maldives extends it for 30 more days

20 Feb 2018 | 10:08 PM

NEW DELHI: Political turmoil in Maldives continues as its parliament or Majlis gave a go ahead to extension of emergency for another 30 days on expected lines.

I-T slaps fresh charges against Nirav Modi under new anti-black money law

I-T slaps fresh charges against Nirav Modi under new anti-black money law

20 Feb 2018 | 10:08 PM

NEW DELHI: The Income Tax department has slapped fresh charges under the new anti-black money law against jeweller Nirav Modi, involved in the Rs 11,400-crore Punjab National Bank (PNB) fraud, for allegedly holding an illegal asset abroad, official sources said.

Attack premeditated, conspiracy: Delhi chief secy Anshu Prakash

Attack premeditated, conspiracy: Delhi chief secy Anshu Prakash

20 Feb 2018 | 8:59 PM

NEW DELHI: Delhi Chief Secretary Anshu Prakash on Tuesday alleged that an assault on him at Chief Minister Arvind Kejriwal's residence was "premeditated" and a "conspiracy" of all those who were present at a meeting there last night.

Shah flays Congress for fuss over PM’s Davos photo with Nirav, others

Shah flays Congress for fuss over PM’s Davos photo with Nirav, others

20 Feb 2018 | 8:46 PM

SURATHKAL: BJP president Amit Shah on Tuesday hit out at the Congress for targeting Prime Minister Narendra Modi over his photo with scam-tainted jeweller Nirav Modi and others in Davos, calling it “cheap politics”.

AAP's counter: Leaders attacked, Delhi CS made casteist remarks

AAP's counter: Leaders attacked, Delhi CS made casteist remarks

20 Feb 2018 | 8:43 PM

NEW DELHI: The Aam Aadmi Party on Tuesday launched a counter-attack on Delhi Chief Secretary Anshu Prakash, allegedly assaulted by AAP MLAs at Chief Minister Arvind Kejriwal's residence, accusing him of working at the "behest of the BJP".

EPFO likely to retain 8.65% interest on EPF for 2017-18

EPFO likely to retain 8.65% interest on EPF for 2017-18

20 Feb 2018 | 8:45 PM

NEW DELHI: Retirement fund body EPFO is likely to retain 8.65 per cent interest rate on provident fund deposits for its about 5 crore members for 2017-18 at its trustees' meet on Wednesday, sources said.

State will chase down cheaters: FM on PNB scam

State will chase down cheaters: FM on PNB scam

20 Feb 2018 | 8:12 PM

NEW DELHI: Breaking his silence over the Rs 11,400 crore loan fraud at India's second-biggest bank, PNB, Finance Minister Arun Jaitley on Tuesday criticised auditors for their failure to detect the scam, and said his government would track down those who “cheated the banking system”.

MP leaders ride 'rath', bullock cart to woo voters

20 Feb 2018 | 7:21 PM

BHOPAL: A modern 'rath' and a bullock cart are among the preferred modes of transport for top Madhya Pradesh leaders to campaign in the run-up to the February 24 by-elections in Mungawali and Shivpuri Assembly constituencies.

Margins on drugs as high as 1,192% in 4 pvt hospitals: Pricing regulator

Margins on drugs as high as 1,192% in 4 pvt hospitals: Pricing regulator

20 Feb 2018 | 7:08 PM

NEW DELHI: Non-scheduled drugs and diagnostic services constituted major components of charges billed to patients in four private hospitals with margins as high as 1,192 per cent, drug pricing regulator NPPA said on Tuesday.

From stationery czar to loan defaulter: The story of Kanpur's leading tycoon

From stationery czar to loan defaulter: The story of Kanpur's leading tycoon

20 Feb 2018 | 6:41 PM

KANPUR: The sprawling 4,000 square yard 'Santushti' mansion in the plush Tilaknagar locality here wears a forlorn look but for the occasional coming and going of vehicles belonging to the Central Bureau of Investigation (CBI) sleuths.

PNB fraud: SC to hear PIL seeking SIT probe tomorrow

PNB fraud: SC to hear PIL seeking SIT probe tomorrow

20 Feb 2018 | 10:37 PM

NEW DELHI: The Supreme Court will hear a plea seeking an SIT probe and billionaire jeweller Nirav Modi’s deportation in the over Rs 11,000 crore PNB fraud case on Wednesday.

Govt approves 6 railway projects, Naxal-affected Malkangiri to get first rail line

Govt approves 6 railway projects, Naxal-affected Malkangiri to get first rail line

20 Feb 2018 | 10:28 PM

NEW DELHI: The government on Tuesday approved six railway projects worth more than Rs 11,500 crore, which include laying of the first ever rail line, measuring 130 km, in Odisha’s Naxal-affected Malkangiri, which will cost Rs 2,676 crore.

Mahanadi row: Cabinet nod to set up tribunal to resolve water dispute

20 Feb 2018 | 5:37 PM

NEW DELHI: The Union Cabinet on Tuesday approved the setting up of a tribunal to resolve the dispute between Odisha and Chhattisgarh over the sharing of Mahanadi river water, official sources said.

MHA seeks report from Delhi LG on alleged assault on bureaucrat

MHA seeks report from Delhi LG on alleged assault on bureaucrat

20 Feb 2018 | 5:32 PM

NEW DELHI: The Union Ministry of Home Affairs (MHA) on Tuesday sought detailed report from Lieutenant-Governor of Delhi Anil Baijal on an alleged assault on Anshul Prakash, the chief secretary of the city government, even as, Home Minister Rajnath Singh is most likely to meet a delegation of IAS officers of the Delhi government later in the day.

Chinese contractor with Pak links in fray to build Mumbai coastal road

Chinese contractor with Pak links in fray to build Mumbai coastal road

20 Feb 2018 | 10:29 PM

MUMBAI: Mumbai’s coastal road project faces a major security hurdle after the Shiv Sena-BJP run Brihanmumbai Municipal Corporation allowed a Chinese state-owned company, China Gezhouba Group Company Ltd, to be pre-qualified for the bidding process.

Mob lynches 2 Arunachal men accused of raping, killing minor

Mob lynches 2 Arunachal men accused of raping, killing minor

20 Feb 2018 | 2:53 PM

ITANAGAR: A mob barged into a police station, dragged out two men accused of raping and killing a minor and then lynched them on the streets in Arunachal, police said.

Pak summons Indian diplomat over boy’s death in cross-border firing

Pak summons Indian diplomat over boy’s death in cross-border firing

20 Feb 2018 | 2:45 PM

ISLAMABAD: Pakistan on Tuesday summoned India’s Deputy High Commissioner JP Singh here to condemn the “unprovoked firing” by Indian troops across the Line of Control which killed an 8-year-old boy.

2 killed as SUV collides with truck, car in Udaipur

2 killed as SUV collides with truck, car in Udaipur

20 Feb 2018 | 2:01 PM

JAIPUR: Two people were killed and another injured when an SUV collided with a truck and a car in Udaipur district on Tuesday, police said.

I'm in politics because AIADMK is bad: Kamal Haasan

I'm in politics because AIADMK is bad: Kamal Haasan

20 Feb 2018 | 8:30 PM

CHENNAI: Actor-turned-politician Kamal Haasan on Tuesday said that he was entering into politics only because the ruling All India Anna Dravida Munnetra Kazhagam (AIADMK) party is bad.

Delhi Chief Secretary accuses AAP MLAs of assault in CM’s presence

Delhi Chief Secretary accuses AAP MLAs of assault in CM’s presence

20 Feb 2018 | 10:22 PM

NEW DELHI: Delhi Chief Secretary Anshu Prakash was allegedly manhandled by a few AAP MLAs at Chief Minister Arvind Kejriwal's residence, an official said, even as the chief minister's office dismissed the accusation as "bizarre and baseless".

Sri Lankan among 2 executives held for raping employee in AP

Sri Lankan among 2 executives held for raping employee in AP

20 Feb 2018 | 12:32 PM

VISAKHAPATNAM: A Sri Lankan national was among two senior executives of a private company arrested for allegedly raping a woman employee of the firm, an official said.

Supreme Court to hear plea on bank top brass’ role in PNB scam

Supreme Court to hear plea on bank top brass’ role in PNB scam

20 Feb 2018 | 1:48 PM

NEW DELHI: The Supreme Court will hear on Friday a plea for probe into the role of the top management of Punjab National Bank in the Rs 11,300 crore scam.

Show ‘Padman’ in village schools, hostels: Scientist to Akshay

20 Feb 2018 | 11:39 AM

BHOPAL: A US-returned woman scientist, working towards educating tribal women about menstrual health and providing them with cheap sanitary pads, has urged the ‘Padman’ star Akshay Kumar to screen the movie in village schools and hostels.

Rotomac bank fraud: I-T dept attaches 11 bank accounts

Rotomac bank fraud: I-T dept attaches 11 bank accounts

20 Feb 2018 | 7:11 PM

NEW DELHI: After the CBI and the ED, the Income Tax Department has stepped up action against the Rotomac group and its promoters attaching 11 bank accounts in connection with an alleged tax evasion probe against them.

Man held for obscene act in front of TV actress in Mumbai

Man held for obscene act in front of TV actress in Mumbai

20 Feb 2018 | 11:24 AM

MUMBAI: A 43-year-old driver of a luxury car was arrested for allegedly pleasuring himself in front of a TV actress near a school in suburban Vile Parle here, police said on Tuesday.

SC to hear Priya Varrier's plea seeking quashing of FIR on wink video

SC to hear Priya Varrier's plea seeking quashing of FIR on wink video

20 Feb 2018 | 1:33 PM

NEW DELHI: The Supreme Court will hear on Wednesday the plea by actress Priya Prakash Varrier seeking stay of criminal proceedings against her over her viral wink video.

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