Press Release
New Delhi, 09.06.2015


          The Central Bureau of Investigation has arrested then Proprietor of a private firm based at Lahar, District Bhind(Madhya Pradesh) who was absconding in a case.


          CBI had registered a case U/s 120-B r/w 420 of IPC and section 13(2) r/w 13(1)(d) of PC Act, 1988 on 27/03/2006 on a complaint from the Central Bank of India, Gwalior. It was alleged that during the year 2005, then Branch Manager, Central Bank of India, Lahar Branch, Distt. Bhind entered into criminal conspiracy with private persons & others and committed fraud in granting loans to 07 parties in gross violation of the Bank rules & procedure. An alleged loss of Rs.31.90 lakhs(approx) was caused to Bank. After completion of investigation, a charge sheet was filed on 30-06-2007 in the Court of Special Judge for CBI Cases, Bhopal against then Branch Manager & then Assistant Manager, both working in Central Bank of India, Lahar Branch, Distt. Bhind; Proprietor of private firm based at Lahar; Panel Advocate of Lahar Branch, Central Bank of India, Distt. Bhind U/s 120-B r/w 420, 471r/w 468 of IPC and Section 13(2) r/w 13(1)(d) of PC Act, 1988.


          The Trial Court convicted the public servants and acquited the Panel Advocate of said bank. The proprietor of said firm was absconding since 31.05.2012 from the trial.


          CBI traced the accused and arrested him. He was produced before the Designated Court and remanded to judicial custody.


          In another case relating to irregularities in the allotment of land & further revival of Group Housing Society, CBI has arrested an absconding accused from Hyderabad.


          It was alleged that the said accused was a member & Secretary of Group Housing Society based at Delhi which was revived and allotted land by the Registrar, Cooperative Society, Government of Delhi. The officials of Society in connivance with the officials of the RCS, Delhi had allegedly created false resignations of the original members of the society and in their place fraudulently added new members who were not eligible


          The said accused was absconding during the investigation and declared a Proclaimed Offenders by the Court on 14.12.2013. On conclusion of investigation, a Chargesheet was filed on 04.01.2008 before the Metropolitan Magistrate, Patiala House Courts, Delhi. After intensive efforts, the accused was apprehended from Hyderabad. He was produced before Special Judge, CBI cases Hyderabad and given transit remand for producing him before the concerned Court in New Delhi.


          The said accused was produced today in the Designated Court at Delhi and remanded to Judicial Custody.