CBI arrests proclaimed offender in bank fraud case

Lucknow: The Central Bureau of Investigation (CBI) on Tuesday arrested a proclaimed offender in connection with a Rs 22 crore bank fraud case.
The CBI had registered a case on March 23, 2021, on the complaint of the AGM, Stressed Asset Management Branch (SAMB), Bank of Baroda. It was alleged that the directors/guarantors of a private Ghaziabad based company (borrower) and unknown public servants and private persons committed fraud between 2009 and 2017 to the tune of Rs 21.21 crore in the loan accounts of Bank of Baroda and Standard Chartered Bank.
A chargesheet was filed against eight accused, including the absconding accused Surender Kumar, on Dec 29, 2022.
Kumar was involved in the diversion of funds, hatching conspiracy along with the promoters of the company. He submitted a forged Letter of Credit (LC) in the bank and transferred the funds to two concerns/firms.
Kumar neither joined the investigation nor the trial proceedings of the court and was declared a proclaimed offender in Aug 2023.
Thereafter, a warrant was issued by the court of special judicial magistrate, CBI, Ghaziabad against him. In compliance with the warrant, the CBI team arrested Kumar from Kamla Nagar, Delhi.
He was produced in the court which sent him to three-day judicial custody.
Earlier, in the same case, another proclaimed offender, Mohit Shah, was arrested by the CBI on July 24, 2024.