The Central Bureau of Investigation (CBI) on Thursday arrested Krishnamurti Raghunath, a fugitive since 2005, in Bengaluru. Raghunath has been chargesheeted in three bank fraud cases filed in Kolkata, officials said.
Raghunath, formerly the branch manager of Bharat Overseas Bank Ltd. (now Indian Overseas Bank), Burrabazar Branch, Kolkata, conspired with others to open false current accounts in the names of fictitious firms. He allegedly misappropriated bank funds, causing a wrongful loss of approximately Rs. 38.25 lakh.
The absconder evaded authorities for over two decades, frequently changing residences. He was apprehended after a weeklong operation across West Bengal, Maharashtra, and Karnataka, relying on human intelligence and technical surveillance.
Raghunath is to be produced before the local court in Bengaluru. After obtaining a transit remand, he will be brought to Kolkata to appear before the competent court on Friday.
