CBI arrests a proclaimed offender who was absconding in a bank fraud case of Rs. 2121.52 lakhs
The wanted accused was involved in a fraud in the loan accounts of Bank of Baroda and Standard Chartered Bank
New Dehi, July 29
The Central Bureau of Investigation (CBI) has arrested a proclaimed offender who was absconding in a bank fraud case of Rs. 2121.52 lakhs.
The agency had registered a case in 2021 on complaint of AGM, Stressed Asset Management Branch (SAMB), Bank of Baroda, alleging that directors/guarantors of private company, the said private company and unknown public servants and private persons committed fraud during the period 2009 -2017 to the tune of Rs. 2121.52 lakh in the loan accounts of Bank of Baroda and Standard Chartered Bank.
The chargesheet was filed against eight accused including absconding accused in December 2022. Along with other accused absconding accused was also involved in diversion of funds.
The said accused has neither joined investigation nor joined trial proceedings of the Court. He was declared Proclaimed Offender (PO) in 2023. Special Judicial Magistrate, CBI, Ghaziabad had issued standing warrant against him.
