CBI Arrests an Absconding Accused in A Bank Fraud Case

(Judicial Quest News Network)

The Central Bureau of Investigation has arrested an absconding accused (Private Person) in a bank fraud case from International Airport, Delhi.

            A case was registered on 16.12.2015 against said accused, her husband and others on the allegations that the accused (Directors of a Private Company) fraudulently obtained a bank loan of Rs.10 crore (approx) from Punjab National Bank, Darya Ganj Branch, New Delhi during October 2013. It was further alleged that after couple of months, the accused started defaulting the timely interest payment and also malafidely removed the entire goods which were pledged to the bank, due to which the loan account turned NPA. Both the accused were absconding since registration of case.

            After investigation, chargesheet was filed on 22.12.016 against them and three other officials of Punjab National Bank including then Chief Manager, then Manager & then AGM. Further investigation was kept open.

            As both the accused did not join the investigation, Red Corner Notices were issued against them in the year 2016. In pursuance of existing RCN, one of the accused (her husband) was apprehended at Muscat, Oman and subsequently, he was deported to India on 07.03.2020.

            CBI apprehended the other absconding accused on arrival at Delhi International Airport from UAE on 20.08.2021.

            The arrested accused was produced before the Competent Court at New Delhi and has been remanded to Judicial Custody.