CBI arrests absconder in loan fraud case

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CBI has arrested an accused, absconding for nearly two years, in a case relating to an alleged cheating of Rs. seven crores to Indian Overseas Bank in the matter of sanctioning and disbursing of Cash Credit Loan on the basis of fake and forged documents.

The agency said Anil Kumar Rai, who has been absconding since the registration of case in 2012, was nabbed from Mumbai.

“CBI had registered the case on January 11, 2012. After investigation, a charge sheet was filed on September 25, 2012 in the court of Special Judge, Mumbai, against six accused persons including the then Deputy General Manager, Indian Overseas Bank, Company Secretary, Partner and Advocate of private company and the said private company,” the CBI spokesperson said here today.

She said the accused was shown as an absconder in the charge sheet.

“He was absconding since investigation. After sustained efforts, CBI traced the accused and arrested him in Mumbai. The arrested accused was produced in the court of Special Judge, Mumbai and remanded to judicial custody till March 2,” she said.