CBI Arrests Long-Absconding Proclaimed Offender Kavita in Rs 3.63 Crore Bank Fraud Case After 9 Years :

The CBI has arrested proclaimed offender in connection with an alleged Rs 3.63 crore bank loan fraud involving 24 housing loans and two overdraft facilities obtained using allegedly fake documents.
Meerut Bank Fraud Involving 24 Housing Loans Uncovered

The Central Bureau of Investigation (CBI) has arrested a proclaimed offender named Ms Kavita from Haridwar, Uttarakhand, in connection with about Rs 3.63 crore in bank fraud.
On March 30, 2012, the CBI had registered an instant case in the present fraud. The FIR includes names of a total of 46 individuals who are alleged to have been involved in the present bank fraud.
It has been uncovered that during the period between August 10, 2010, and May 24, 2011, the former Branch Manager of Punjab & Sind Bank, Diwan Public School Branch, Meerut, in planning with the aforementioned 46 other persons had allegedly sanctioned and disbursed 24 housing loans and 2 loans against property through overdraft facilities, amounting to approximately Rs 3.63 crore, using fake identity and income documents of the borrowers and guarantors.
Subsequent to the completion of the probe, the CBI had filed a chargesheet on November 26, 2014, against the 59 accused individuals, including Kavita. However, as per the sources, she has appeared before the court since the start.
Kavita was served summons consistently; however, she did not show up even after so much efforts. Thereafter, after taking into consideration all legal procedures, Bailable Warrants as well as Non-Bailable Warrants were issued, and then the Honourable High Court, vide an order dated April 14, 2017, declared her a proclaimed offender, and her file was separated from the other accused registered in the FIR who were facing trial, and a standing NBW dated May 11, 2017, was issued against her.
She finally got arrested in Haridwar on October 09, 2026. Thereafter, she was produced before the Competent Court, Ghaziabad, which sent her to judicial custody until October 21, 2026.
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