The Central Bureau of Investigation (CBI) has arrested Satish Kumar Anand, a proclaimed offender in a bank fraud case dating back 47 years. Anand was convicted in 1985 for defrauding a bank of Rs5.69 lakh but had absconded since then.
The case originated in 1977 when the then branch manager and two individuals, Satish Kumar Anand and Ashok Kumar, were accused of conspiring to defraud the bank. The manager had sanctioned a loan to a private company based on forged documents, causing a financial loss to the bank and wrongful gain to Anand.
While Ashok Kumar and Siddharth Kumar were convicted in 1985, the branch manager was acquitted. Anand and Ashok Kumar received five-year prison sentences and fines of Rs15,000. However, Anand fled and was declared a proclaimed offender by the CBI court in Dehradun in 2009.
After decades on the run, the CBI arrested Anand and will produce him before the court for further proceedings.
