Rajesh Bothra, A key figure in multiple financial fraud cases, has been officially declared bankrupt in Singapore. A recent Insolvency Office report from Singapore’s Ministry of Law states that Maersk Trade Finance A/S filed a bankruptcy petition against Bothra on December 10, 2020, leading to a bankruptcy order issued on February 25, 2021. The official reason cited for his insolvency is business failure.
Bothra, the founder of RB Investments, has been under investigation for financial fraud exceeding ₹12,000 crores, including money laundering through shell companies. His unpaid liabilities and fraudulent banking transactions led to legal action by Maersk Trade Finance A/S, a major global financial institution.
The Insolvency Office report classifies Bothra as an undischarged bankrupt, meaning he remains under financial restrictions and is subject to trusteeship by Borrelli Walsh Pte. Limited, a Singapore-based insolvency and restructuring firm.
Suspicious Employment and Financial Dealings
Authorities have flagged Bothra’s employment history, noting that he held multiple short-term positions as a Business Development Manager from 2021 to 2024. His frequent job changes raise suspicions of regulatory evasion and laundering of illicit funds.
Ongoing Investigations and Legal Proceedings
Bothra remains under investigation by Indian and international authorities, including:
Central Bureau of Investigation (CBI) – India
Enforcement Directorate (ED) – India
Singaporean Financial Regulators
Indian courts have also taken cognizance of criminal charges against Bothra, including forgery, cheating, and financial conspiracy.
Authorities are actively working to trace Bothra’s financial network, recover defrauded funds, and implement stricter financial regulations to prevent future scams.
