CBI arrests absconding accused in over Rs 20 crore bank fraud case
India Today
After long years of manhunt, the Central Bureau of Investigation (CBI) on Sunday arrested a director of a Gujarat-based shipping company who was wanted in a bank fraud case of Rs 20.68 crore.
The Central Bureau of Investigation has arrested a director of a Gujarat-based shipping company who was wanted in a bank fraud case of Rs 20.68 crore. The absconding accused was arrested on Sunday after his arrival from Nairobi, Kenya.
The arrested accused has been identified as Sanjay Gupta (56).
Based on a complaint from Canara Bank, Circle Office, Ahmedabad, an instant case was registered against a private company based in Gujarat including its directors on June 27, 2012. The complainant has alleged cheating to the tune of Rs 20.68 crore.
After investigation, a charge sheet was filed in the Court of Special Judge, Mirzapur, Ahmedabad on December 24, 2013, against 8 people including the private company, its director, proprietor and bank officials.
A look-out notice (LOC) and a Red Corner notice were issued against the accused who was absconding for a long time. He was arrested on Sunday and now will be produced before the Competent Court at Ahmedabad.
READ MORE| One dead in students’ group clash in Delhi’s Dwarka
