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CBI arrests absconding accused in case relating to alleged loss of Rs. 2.03 crores (approx) to Andhra Bank

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Author(s): 
New Delhi, March 19, 2015: The Central Bureau of Investigation has arrested a private person who was absconding in a case relating to alleged loss of Rs 2.03 crores (approx) to Andhra Bank.
CBI had registered the case on 30.01.2010 on a complaint received from Andhra Bank on the allegations of fraud in which accused persons availed Consumer Loan on the basis of forged & fake documents and cheated Andhra Bank, Thane (Maharashtra) to the tune of Rs.2.03 crores (approx).  After completion of investigation, a chargesheet was filed on 29.12.2010 in the Court of Special Judge, Mumbai u/s 120-B of IPC r/w. 420, 465, 467, 468, 471 & 511 of IPC and Sec.13(2) r/w.13 (1)(d) of PC Act, 1988 & substantive offences thereof against then Branch Manager, Andhra Bank, Ghodbunder Branch, Thane (Maharashtra) and eight private persons including said absconding accused.
The accused was absconding and was declared Proclaimed Offender on 19.08.2014 by the Trial Court. After sustained efforts, CBI traced the accused, who was staying with different/bogus identity to avoid the trial of the case and arrested him at Thane (Maharashtra).
The arrested accused was produced before the Special Judge, Mumbai and remanded to Judicial Custody till 24.03.2015. / (SK Vyas, Jalandhar)
 
Date: 
Thursday, March 19, 2015

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