Accused of financial fraud worth hundreds of crores brought from UAE to India, CBI gets big success
New Delhi. The Central Bureau of Investigation (CBI) has achieved major success in the case of banking and financial frauds. Accused Kamlesh Parekh, who was absconding for a long time, has been extradited to India from UAE. The accused was brought to India on May 1, where the CBI took accused Kamlesh Parekh into custody as soon as he reached Delhi.
Read :- India’s Squad for Women’s T20 WC 2026: Indian team announced for Women’s T20 World Cup, these 15 players got a chance
Let us tell you that Interpol’s Red Corner Notice was issued against Parekh, on the basis of which he was tracked and detained in UAE. Following India’s formal request, he has been handed over to Indian agencies after legal process.
It is being told that accused Kamlesh Parekh has been facing serious allegations of banking and financial fraud. In the scam perpetrated by Kamlesh Parekh, the group of major banks of the country, which was led by SBI, has suffered huge losses. It is estimated that funds worth hundreds of crores of rupees were misused in this case.
CBI investigation has revealed that Parekh, along with other promoters and directors, diverted the funds taken from the bank through companies based abroad. For this, fraudulent export activities, suspicious financial transactions and misuse of banking channels were resorted to.
Comments are closed.