Accused in ₹2,672-crore bank fraud case extradited from UAE, arrested by CBI

Mr. Jindal
1 Min Read

Two fugitives were extradited from the UAE. Image for representation

Two fugitives were extradited from the UAE. Image for representation
| Photo Credit: Getty Images/iStockphoto

The Central Bureau of Investigation (CBI) has coordinated the return of two fugitives from the United Arab Emirates (UAE). One of them was wanted in an alleged ₹2,672-crore bank fraud case.

Accused Kamlesh Parekh, now arrested by the CBI in a case against Kolkata-based Shree Ganesh Jewellery House (I) Ltd., was brought from the UAE on May 1. As a promoter of the company, he was allegedly involved in cheating a consortium of 25 banks led by the State Bank of India (SBI).

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