CBI DETAINS AN ABSCONDING ACCUSED FROM GOA AIRPORT ON THE BASIS OF LOC IN A BANK FRAUD CASE

Press Release
New Delhi, 09.05.2017

       The Central Bureau of Investigation has detained an absconding accused at Goa Airport on the basis of LOC in a Bank fraud case and obtained 4 days Transit remand. The accused will be produced before the Special Judge, Ahmedabad.

      CBI had registered a case on 12.11.1997 against 6 persons including four bankers. On completion of investigation, chargesheet was filed on 25.09.2000 before the Special Judge, Ahmedabad against 28 accused persons including 4 bankers. It was alleged that then Director of Ahmedabad-based builder's company(main accused in the case) had obtained credit for 31 cheques amounting to Rs.3.77 crore(approx) fraudulently and caused a loss of Rs.3.77 crore(approx) to Bank of Baroda. The said absconding accused, then Director of Mumbai-based company and others had been instrumental in aiding the said main accused by issuing these cheques to him.

       It was further alleged that the absconding accused was a Proclaimed Offender and an LOC was opened against him. Later, an RCN was also issued against him and an extradition proposal was also sent to Canada. An information was received that he had changed his name and would be travelling to India. He was detained at Goa airport on the basis of the LOC opened by the CBI.


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