In a major breakthrough after over a decade, the Central Bureau of Investigation (CBI) has arrested Surendran J, a proclaimed offender wanted in connection with a Rs1.5 crore bank fraud case that dates back to 2010.
Originally from Kollam, Kerala, Surendran was accused of cheating the Bank of India’s Ludhiana branch by availing a foreign bill purchase credit facility worth Rs150 lakh using forged documents for his company, Stich and Ship.
Despite the CBI filing a chargesheet and declaring him the main conspirator, Surendran absconded before trial. In 2012, he was officially declared a proclaimed offender. Multiple efforts to trace him over the years proved futile.
However, the case remained open, and technical surveillance recently led the CBI to his location in Kollam. Acting on this intelligence, a special team apprehended Surendran and brought him into custody.
