The Itanagar Capital police in Arunachal Pradesh have successfully arrested Kalidas Jain, widely known as KD Babu, who had been on the run for six months in connection with a multi-crore loan scam. Jain was apprehended in Rajasthan thanks to the collaboration with local law enforcement.
The case began on August 4, 2023, when Mahesh Kumar Jain filed a First Information Report (FIR) claiming that Kalidas Jain had borrowed Rs50,00,000 with a commitment to repay it with interest by March 31, 2024. Subsequent complaints were lodged by Nani Ribia and Padi Yapi, who alleged that Jain had taken loans of Rs50,00,000 and Rs12,00,000, respectively, and had since absconded.
Kalidas Jain, 80, the son of the late Lachand Jain from Beawar, Rajasthan, had been evading capture while hiding in Rajasthan. Utilizing a combination of electronic surveillance and human intelligence, law enforcement successfully tracked him down.
A police team comprising SI Samuel Ngupok, SI Padam Padi, Ct. Jumli Zirdo, and Ct. Dharmendra Gupta, under the guidance of Inspr. Y. Riram and Dy.SP Kengo Dirchi, traveled to Churu district in Rajasthan to apprehend Jain. However, he managed to evade them once again.
On July 1, 2024, with assistance from local police, the team executed a raid at the residence of Yogesh Jain, where they located the fugitive hiding near a staircase. Following all legal procedures, he was arrested and is now being transported back to Arunachal Pradesh. The operation was conducted under the supervision of Angad Mehta IPS, I/C SP of Itanagar.