The Central Bureau of Investigation (CBI) has arrested a Proclaimed Offender (PO) who was absconding in a bank fraud case. CBI had registered a case on March 23rd 2021 on complaint of AGM, Stressed Asset Management Branch (SAMB), Bank of Baroda, alleging that Directors/Guarantors of private company, the said private company and unknown public servants and private persons committed fraud during the period 2009 -2017 to the tune of Rs. 2121.52 lakh (approx.) in the loan accounts of Bank of Baroda and Standard Chartered Bank.

Chargesheet was filed against 08 accused including absconding accused on December 29th 2022. Along with other accused absconding accused was also involved in diversion of funds.  The said accused has neither joined investigation nor joined trial proceedings of the Court. He was declared Proclaimed Offender (PO) on August 25th 2023. Thereafter, Standing warrant was issued by the Ld. Court of Special Judicial Magistrate, CBI, Ghaziabad against him. 

Continuous efforts by the CBI to trace the PO resulted in arrest of the accused on July 24th 2024. He was produced in the Court of Special Judicial Magistrate, CBI  Ghaziabad on July 25th 2024 which remanded him to Judicial Custody till August 8th 2024. According to information available from CBI , Mohit Shah is the arrested accused. 

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Proclaimed Offender PO CENTRAL BUREAU OF INVESTIGATION CBI BANK OF BARODA BANK FRAUD GHAZIABAD