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Vikram Kothari, also known as ‘India's Pen King’, was accused in a bank loan scam worth thousands of crores pertaining to Rotomac Global. Vikram’s father, the late Mansukhbhai Kothari, had started the famous Pan Parag company, which soon became a household name in India owing to its aggressive marketing and publicity blitz. At that time, Vikram and his brother Deepak assisted their father Mansukhbhai in managing the ever-burgeoning pan masala empire. As business prospered, the group diversified and in 1992, the Rotomac Pens was formed. However, in 1999, the two brothers decided to go separate ways. Elder brother Vikram took charge of the stationery enterprise, while younger brother Deepak Kothari took reins of the pan masala empire. As time went by, Rotomac Pens was rechristened Rotomac Global, while Vikram also moved into other sectors, including real estate, steel, and infrastructure, hoping to replicate his success. However, what seemed like an uninterrupted success story soon gave way to a contrary reality as he found himself accused of a bank loan default. Check out the Rotomac Scam case study and share your views on the same.
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