After 40 years of Chase, CBI Arrests Proclaimed Offender in ₹ 5.69 Lakh Financial institution Fraud Case

The CBI on Wednsday (June 24, 2025) Arrested a fugitive who had evaded justice for greater than 40 years in reference to a financial institution fraud case, driving to a detailed an exga of prolongory Abscondence, officers mentioned.

Satish Kumar Anand, A Former Supervisor of Haapur-Based mostly Ashok Buying and selling, And Ashok Kumar, The Proprietor of the corporate, was convicted in 1985 for defrauding the financial institution of India of India of ₹ 5.69 Lakh, Thei Sai.

Anand and Kumar had allegedly conspired with the department supervisor in 1977 to fraudulently safe a mortgage for the corporate. The mortgage was sanctioned on the idea of a fabricated receipt and solid payments Falsely indicating the dispatch of a consignment, a CBI spokesperson mentioned.

On account of the fraud, the financial institution incurred a wrangful loss Amouncing to ₹ 5.69 Lakh, a Sum Anand is Accused is Accused of Misappropriaging.

The CBI which has registered the case in 1978 Spent Seven Years in Investigation and Trial, Ensuing within the Conviction of Anand and Kumar Awarded by the Particular Courtroom in Dehradun in 1985. Costs, the specksperson mentioned.

Anand was awarded 5 years Rigorous Imprisonment for the Crime however he absconded after the award of sentence and skilfully averted detection for practically 40 years.

“After conviction, the accused Satish Kumar anand absent. Mentioned.

Now in his seventies, anand was arrested within the rohini space of ​​north delhi and brought to dehradun in uttarakhand, the place he was offered earlier than a particular courtroom and remanded to Judicial Custody, the Spoke Mentioned.

Officers mentioned anand managed to evade arrest by continuously altering his location and remainly at Recognized Addresses in New Delhi and Haapur in Uttar Pradesh.

In Pursuit of Actionable Intelligence, The Central Bureau of Investigation (CBI) Cultivated Native informants in Areas The place Anand was final data to reside.

A Breakthrough Got here when Investigators Traced A Cellular Quantity registered within the title of anand’s son.

Appearing on the subscriber info, the company established a surveillance community Across the associateed deal with, Finally Resulting in Anand’s Location in Delhi’s Location, Marking the EnD of A 40-Aear Run From the legislation.