CBI Arrests Surender Kumar for Rs 21 Crore Bank Fraud in New Delhi
The Central Bureau of Investigation (CBI) has arrested Surender Kumar, a proclaimed offender, in connection with a bank fraud case involving over Rs 21 crore. The fraud took place between 2009 and 2017 and involved directors and guarantors of a private company.
Details of the Case
The CBI registered the case on March 23, 2021, following a complaint from the Assistant General Manager of the Stressed Asset Management Branch (SAMB) of Bank of Baroda. The complaint alleged that the private company, its directors, and unknown public servants and private individuals committed fraud in the loan accounts of Bank of Baroda and Standard Chartered Bank.
Surender Kumar’s Role
Surender Kumar was accused of submitting a forged Letter of Credit (LC) to the bank and diverting funds to his two firms. He did not participate in the investigation or court proceedings, leading to his declaration as a proclaimed offender on August 25, 2023. A standing warrant was issued by the Special Judicial Magistrate, CBI, Ghaziabad.
Arrest and Judicial Custody
On September 24, 2024, the CBI apprehended Surender Kumar in Kamla Nagar, Delhi. He was produced in the Court of Special Judicial Magistrate, CBI, Ghaziabad, and was sent to judicial custody for three days until September 27, 2024.
Previous Arrests
Earlier, another proclaimed offender, Mohit Shah, was arrested by the CBI on July 24, 2024, in connection with the same case and is currently in judicial custody. Further investigation is ongoing.
Doubts Revealed
CBI -: CBI stands for Central Bureau of Investigation. It is India’s main agency for investigating serious crimes like corruption and fraud.
Surender Kumar -: Surender Kumar is a person who was arrested for being involved in a big bank fraud. He was hiding from the police but was caught later.
Rs 21 Crore -: Rs 21 Crore means 21 crore rupees, which is a very large amount of money in India. One crore is equal to 10 million rupees.
Bank Fraud -: Bank fraud is when someone cheats a bank to get money illegally. In this case, it involved a lot of money and fake documents.
Proclaimed Offender -: A proclaimed offender is someone who has been officially declared by the court as a person who is hiding from the law.
Letter of Credit -: A Letter of Credit is a document from a bank guaranteeing that a seller will receive payment from a buyer. In this case, it was forged, meaning it was fake.
Judicial Custody -: Judicial custody means that the person is kept in jail while the court decides what to do next.
Kamla Nagar -: Kamla Nagar is a place in Delhi, which is the capital city of India. It is where Surender Kumar was caught.