Multi-core loan default accused and promoter of Rotomac Group 73-year-old Vikram Kothari died in a freak accident at his Kanpur residence on Tuesday morning. According to reports, the erstwhile stationery czar sustained grievous head injuries after slipping in his bathroom and later succumbed to his injuries. He was reportedly alone at his Tilak Nagar residence at the time of the incident. Vikram, also known as 'India's Pen King', was accused in a bank loan scam worth thousands of crores pertaining to Rotomac Global, which exported writing instruments overseas.
If there is a morality tale here, it is that debt and death spare no king.
Vikram Kothari's Rotomac stares at a loan default of Rs 369 crore
The Central Bureau of Investigation has widened the probe into the gutka scam by scrutinising exports of some more prominent pan masala companies.
Vikram Kothari, managing director of Rotomac Pens, is now fighting a battle that might be difficult to win.
Branding Trinamool Congress rebels as 'traitors' like Mir Jafar, West Bengal Chief Minister Mamata Banerjee on Friday took a swipe at the Bharatiya Janata Party for fielding the turncoats in the polls leaving saffron party old-timers shed tears.
In 1989 when Bajaj came out with their legendary and elegant Hamara Bajaj campaign, that looked more at apna India, rather than the scooter, and at all hues of scootered Indians, it drew millions of eyeballs and was brilliantly successful.
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