CBI Arrests an Absconding Accused in Bank Fraud Case worth Rs.20 Crore

CBI Arrests an Absconding Accused in Bank Fraud Case worth Rs.20 Crore The Central Bureau of Investigation has apprehended a director of a Gujarat-based shipping business who was wanted in a Rs.20.68 crore bank fraud case. The fugitive accused was apprehended on Sunday after arriving in Nairobi, Kenya. Sanjay Gupta(56), the apprehended suspect, has been identified.

A Complaint Has Been Filed

On June 27, 2012, an instant case was brought against a private firm based in Gujarat, including its directors, based on a complaint from Canara Bank's Circle Office in Ahmedabad. The claimant claims to have been duped out of Rs 20.68 crore. Following an inquiry, a charge sheet was filed on December 24, 2013, at the Court of Special Judge, Mirzapur, Ahmedabad, against eight people, including the private firm, its director, proprietor, and bank officials.

Escaped Suspect Arrested

The accused, who had been missing for a long time, was served with a look-out notice (LOC) and a Red Corner notice. He was arrested on Sunday and will now appear in front of the Competent Court in Ahmedabad.