Facw2News/New Delhi
The Central Bureau of Investigation has today arrested an absconding accused, then Director of a private firm, allegedly involved in a bank fraud case. Following recent inputs about the absconding accused, CBI mounted efforts to locate him, which included verifying his address/location, ascertaining his movements which finally resulted in apprehension of the accused. He will be produced before the Court of Special Judicial Magistrate, Ghaziabad tomorrow.
Earlier, CBI had registered a case on 23.03.2015 on a complaint from Punjab National Bank against a private company, its Directors and unknown officials of Punjab National Bank. It was alleged that the said private company through its Directors availed various credit facilities from PNB Branch, Noida and the amount disbursed vide said credit facilities was siphoned of by the said accused persons. Further, the hypothecated stocks were also disposed of without depositing the sale proceeds in the bank. Thus, accused allegedly cheated the bank and caused a loss of Rs. 22 crore as on 30.04.2014.
Upon conclusion of investigation, chargesheet was filed in the Court of Special Judicial Magistrate, CBI Cases, Ghaziabad. The borrower company M/s Aar Vee Controls Pvt. Ltd. and its Director Smt. Kanta Sharma were convicted by the Court vide Judgment dt. 21.12.2017. The other accused Director was absconding and had been declared PO. As such, his trial was separated.
