CBI arrests Rotomac promoter Vikram Kothari hours after false news of him fleeing the country surfaced

While the dust had not even settled on the Nirav Modi financial fraud and the ED was in the process of conducting raids, news trickled in yesterday about another businessman, Vikram Kothari, the promoter of Rotomac Pen fleeing the country after swindling Rs. 800 crores from various public sector banks.

The news of Vikram Kothari absconding was relayed by every major news agency there is.

As soon as this news of Kothari fleeing the country was broken, which turned out to be false later, the usual suspects started their cacophony about how Narendra Modi must answer.

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Some didn’t even shy away from connecting the false news to demonetisation. The irony of it all is that Ms Dalal is the managing editor of MoneyLifeIndia and trustee of MoneyLifeF that deals with Finance news.

Soon, news emerged that Kothari was still present in Kanpur and hadn’t fleed the country at all.

While the news of his still being present emerged early this morning, news started trickling in about how the CBI was not only conducting raids in various locations related to Vikram Kothari but was also questioning the Kothari family.

The CBI has not registered a case against Rotomac pen promoter Vikram Kothari and has been arrested.

Now that the CBI has arrested Kothari from India, the media must be questioned as to what their source of this false news was.

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