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CBI arrests absconding MD of Kanpur firm in Rs 3.72 crore fraud case
New Delhi, May 23, 2014
The Central Bureau of Investigation (CBI) has arrested from Pune the absconding managing director of a Kanpur firm in a case relating to the alleged withdrawal of rs 3.72 crore from the public sector Punjab National Bank (PNB) on the basis of a forged court order.
A press release from the agency said the absconder, a resident of Kanpur, was staying in Pune with his family and had been abconding since investigation began in the case.
A chargesheet was filed against him and the other accused, the then manager of PNB, Nayaganj, Kanpur for withdrawing Rs.3,72,55,084 from the bank on forged court order.
After taking transit remand, he was taken to Lucknow from Pune and produced before a magistrate at Lucknow. The court sent him to judicial custody, the release said.
The CBI had registered two cases on January 18, 2005 in the matter. It was alleged that an amount of Rs. 3,72,55,084 was attached and transferred to the Punjab National Bank, Nayaganj, Kanpur from Punjab National Bank, High Value Branch, Lucknow as per the orders of the Additional District Judge-VI, Kanpur Nagar in Izrawad (Execution case) which was pending in the said court.
The said amount was deposited in the joint current account at PNB Nayaganj Kanpur in the names of Kanpur-based private firm and UP Awas Evam Vikas Parishad. Subsequently the accused withdrew the entire amount by opening a current account on the basis of a forged court order purported to have been passed by the court of ADJ-VI, Kanpur Nagar.
After investigation of both the cases, a combined charge sheet was filed on 30.11.2006 against the managing director of the firm and the then Chief Manager, Punjab National Bank (PNB), Nayaganj, Kanpur, UP (now compulsorily retired).
The trial of the case is under progress against then Chief Manager of Bank whereas, the managing director of the private firm had absconded during investigation/trial. Subsequently, he was declared a proclaimed offender by the Court of Special Judicial Magistrate, CBI Cases, Lucknow on 05.09.2006 and a permanent warrant of arrest was issued against him.