Rajesh and Rashmi Bothra, founders of RB Investments, are facing allegations of orchestrating a ₹12,000 crore financial fraud, one of the biggest banking scams in India’s history. A whistleblower report has exposed their money laundering operations, defrauding multiple Indian banks through international financial channels.
Massive Fraud Uncovered
The Bothras are accused of violating multiple sections of the Indian Penal Code (IPC), including:
Criminal breach of trust
Cheating and forgery
Conspiracy and financial misrepresentation
Additionally, the duo faces charges under the Prevention of Money Laundering Act (PMLA), 2002, triggering an urgent probe by the Enforcement Directorate (ED) and other regulatory bodies.
Authorities Demand SIT Investigation
A Special Investigation Team (SIT), comprising officials from the CBI, RBI, SEBI, and ED, has been requested to probe RB Investments and Founder Bank Capital, firms linked to the scam.
Freeze Assets, Recover ₹12,000 Crore
Authorities have urged the government to freeze and attach assets linked to the Bothras to prevent further dissipation of public funds. Given the scale of the fraud, recovering taxpayers’ money is deemed critical for financial stability.
This case raises serious concerns about banking oversight and financial security, reinforcing the urgent need for stricter regulatory mechanisms to prevent large-scale frauds in the future.