New Delhi, September 25, 2014: The Central Bureau of Investigation has arrested a private person of Vadinaniyoor, District Sivagangai (Tamil Nadu) who was absconding in a case for causing an alleged loss of Rs.78 crore (approx.) to Govt. Exchequer.
The arrested accused was produced before Additional Chief Metropolitan Magistrate, Egmore, Chennai and remanded to Judicial Custody till 07.10.2014.
CBI had registered a case on 23.09.2003 and filed a chargesheet on 30.06.2005 against three accused and a private firm U/s 120-B r/w. 419, 420, 467, 468 and 471 IPC substantive offences thereof in the Court of ACMM, Egmore, Chennai.
The arrested accused was absconding since 2009 from the trial of this fraud and the case was split up against him. He was also under Red Corner Notice in the fraud for allegedly transferring US dollars fraudulently using Travellers Cheque without authorization. The estimated loss caused to the exchequer of Government was Rs.78 crores (approx.)
It is also found that for a fraud in securities and aggravated identity fraud, he is under Warrant from the District Court of Nebraska, USA. FBI has issued Red Corner Notice with the Interpol and has initiated Extradition request against him. The Extradition request is under process with Government of India.
(SK Vyas/Jalandhar)
-----------------------------
Readers may send their news/views/feedback to us:
cityairnews@gmail.com