Business

Rotomac clarifies on speculations; issues a formal statement

company statement adds that they have full faith in the banking system of the country and that the issues will be sorted out amicably

Rotomac clarifies on speculations; issues a formal statement

With apprehensions as regards to the loans availed by the Rotomac owner Vikram Kothari having availed loans and fled the country, the company has come out with formal statement clarifying its position.

According to statement issued by the company, the company chairman is very much in Kanpur city and is also holding discussions with the banks to sort out the issues.

The company statement adds that they have full faith in the banking system of the country and that the issues will be sorted out amicably.

Rotomac letter
Rotomac letter

The company statement states that the company owner is a reputed industrialist and that media should refrain from spreading false rumors.

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