CBI Arrests a Proclaimed Offender in Major Bank Fraud Case Involving Loss of Rs.1.18 crore

The Central Bureau of Investigation (CBI) has arrested Bablu, also known as Ravindra Yadav, in connection with a major bank fraud case involving a loss of Rs.1.18 crore. Bablu was arrested on July 24 2025 in Gulawati, in the Bulandshahar district of Uttar Pradesh. He had been declared a proclaimed offender and had been escaping for several years.

This incident occurred in December 2011, when a complaint was filed by a senior officer of the State Bank of India in Meerut, Uttar Pradesh. The complaint accused Nawal Kishore Gupta, who was then the Branch Manager of Punjab National Bank’s Sikandarabad branch, along with Bablu and others, of accepting fraud by opening fake current accounts. They took help of fake documents like fake voter ID cards, PAN cards, and false rent agreements to make these accounts and divert funds.

After the investigation, the CBI filed a charge sheet on 30 August 2013. The sheet named Nawal Kishore Gupta, Devraj, who was a security guard at the bank, Bablu aka Ravidra Yadav, and another private individual named Manoj.

According to the charges, these individuals were involved in fraudulent and illicit activities that led to the illegal withdrawal and misuse of funds.

The Court trail moved ahead; however, Bablu failed to appear in court on 20 December 2023 (date of the judgement). The court declared him a proclaimed offender and issued a standing warrant for his arrest. The court proceeded to pass judgement on the remaining three accused and sentenced each one of them to five years of imprisonment.

Since then, CBI teams had been making consistent efforts to trace and arrest Bablu. On 24 July  2025, the CBI’s corruption Branch in Ghaziabad succeeded in locating him. He was brought by the CBI before the special judge for Anti Corruption cases in Ghaziabad and has been sent to judicial custody.