India News | CBI Arrests Rs 22 Crore Bank Fraud Accused on Run for 6 Years

New Delhi, Jul 14 (PTI) The CBI on Friday arrested a man on the run for almost six years after allegedly defrauding Punjab National Bank of Rs 22 crore, officials said.

Vinod Kumar Sharma, one of the directors in Noida-based company Aar Vee Controls, was accused of defaulting on several loans and credits he had taken from the bank's Noida Sector-27 branch in 2014, they said.

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The CBI had registered an FIR against him on March 23, 2015.

While his wife Kanta Sharma, another Director in the firm, was convicted by a special court in 2016, Sharma absconded and was declared a proclaimed offender by the court on December 20, 2016, they said.

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During his run from the law, Sharma kept moving his residence to evade arrest, officials said.

Recently, the CBI received an input about his location and mounted a major surveillance net to track his movements, they said.

He was finally nabbed from Noida's Sector-16 market and was brought to the agency headquarters.

During his questioning, the agency found that Sharma has allegedly committed a number of frauds in Delhi and Uttar Pradesh too and police of both states were looking for him.

The CBI will produce him before a special court in Ghaziabad on Saturday.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)