On Sunday, the CBI announced the arrest of a Gujarat-based shipping industry official who had been absconding “for a long time” for his alleged role in defrauding Canara Bank of Rs 20.68 crore.
Sanjay Gupta, the firm’s director, was detained upon his arrival in Kenya from Nairobi. According to a Central Bureau of Investigation announcement, he is one of eight people named in a case initiated on June 27, 2012, based on a complaint lodged by Canara Bank in Ahmedabad (CBI).
The FIR was filed against Gujarat-based Nova Shipping and others, including its directors, proprietor, and bank officials, among others, for allegedly defrauding Canara Bank’s Jamnagar branch to the tune of Rs 20.68 crore.
“After an inquiry, a charge sheet was filed in the special CBI court at Mirzapur in Ahmedabad on December 24, 2013, against the eight suspects,” according to the announcement.
Gupta had been missing for a long time, and a Look Out Circular (LOC) and a red corner notice were issued against him, according to the central agency, who said that he will be presented before a competent court in Ahmedabad.