Business

Rotomac scam: CBI raids three places, FIR filed

New Delhi: The Central Bureau of Investigation (CBI) has conducted raids at three properties belonging to the Rotomac Pen company's owner in the early hours on Monday morning, in his connection with the Rs 800-crore scam with several banks.

According to the agency sources,the raids were underway at three locations in Kanpur, Uttar Pradesh since 0400 hours on Monday.

Kothari, including his wife and son were being questioned by the CBI following the FIR registered against him on Sunday night after the complaint by a bank. -UNI

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Sensex drops over 150 points to close at 35,853; Nifty crashes 57 points, ends at 10,737

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