New Delhi [India], June 25 (ANI): The Central Bureau of Investigation (CBI) has arrested Satish Kumar Anand, who was declared a Proclaimed Offender (PO), in connection with a decades-old bank fraud case involving Rs 5.69 lakh at Bank of India. The case dates back to 1978.
According to the CBI, the agency registered the case on May 5, 1978, against three individuals, including the then Branch Manager of Bank of India, Satish Kumar Anand, and Ashok Kumar. The investigation revealed that during his tenure in 1977, the Branch Manager allegedly entered into a criminal conspiracy with Satish Kumar Anand to defraud the bank.
The accused allegedly advanced a loan to a private company on the basis of forged receipts and fabricated bills that falsely claimed consignment dispatches. This led to a wrongful loss of Rs 5.69 lakh to Bank of India and an equivalent gain for Satish Kumar Anand, as per the probe agency.
Following the investigation, the CBI filed a charge sheet against all three accused before the Special Judge for CBI cases in Dehradun. On June 19, 1985, the court convicted Satish Kumar Anand and Ashok Kumar, sentencing them to five years of rigorous imprisonment and imposing a fine of Rs 15,000 each. The then Branch Manager was acquitted of the charges.
After his conviction, Satish Kumar Anand absconded, evading law enforcement for years. The Special Judge, CBI, Anti-Corruption Court, Dehradun, declared him a Proclaimed Offender on November 30, 2009.
The CBI has now apprehended Anand and taken him into custody. (ANI)
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