CBI ARRESTS absconding accused in case relating to cheating Central Bank of India and causing alleged loss of Rs.1.40 crore

Jalandhar, January 15, 2015:The Central Bureau of Investigation has arrested an absconding accused (private person) resident of Lucknow in a case relating to cheating the Central Bank of India New Delhi and causing loss of about Rs. 1.40 crores.

A case was registered by CBI on a complaint received from the Central Bank of India, New Delhi. It was alleged that the accused persons entered into criminal conspiracy with each other along with officials of Central Bank of India, Patel Nagar Branch, New Delhi and cheated the Bank to the tune of about Rs.1.40 crore by obtaining overdraft limit during the period 1998-99 against 3498 number of stolen and forged Kisan Vikas Patras worth about Rs.1,99,55,000 purportedly issued from Armapur Post Office, Kanpur (Uttar Pradesh).

After investigation, a chargesheet was filed against 13 accused persons including then Branch manager and Assistant Manager both of Central Bank of India Patel Nagar Branch, New Delhi ; a Chartered Accountant ; Proprietors/M.D of private firms and other private persons before the Special Judge, Tis Hazari Courts, Delhi. All the accused are facing the trial, except one private person of Lucknow who was absconding. The absconding accused did not join the prosecution even after issuance of arrest warrants and process of proclamation u/s 82 and 83 of Code of Criminal Procedure. He was declared Proclaimed Offender by the Court on January 18, 2002. With persistent effort, the CBI could reach his whereabouts and ultimately the absconding accused was arrested.

The arrested accused was produced before the Special Judge for CBI cases, Tis Hazari Courts, Delhi and was remanded to Judicial Custody.