CBI Arrests Absconding Accused in Rs 2672 Crore Bank Fraud Case

CBI Arrests Absconding Accused in Rs 2672 Crore Bank Fraud Case

Taking major action in the bank fraud case of Rs 2672 crore, the Central Bureau of Investigation (CBI) has arrested Kamlesh Parekh, who was absconding for a long time. The accused was brought to Kolkata on 1 May 2026, where he was detained after extradition from the United Arab Emirates.

This case is from the year 2016, when the Kolkata branch of the CBI registered a case against Shree Ganesh Jewellery House Ltd. A case was registered against its promoter and other people. It is alleged that these people defrauded a consortium of 25 banks and caused a huge loss of about Rs 2672 crore. After the inquiry, a charge sheet was filed against the accused on 31 December 2022.

According to the investigating agency, Kamlesh Parekh had been absconding since 2019. To arrest him, a non-bailable warrant was issued, and later in 2024, a Red Corner Notice was issued with the help of INTERPOL. Due to this, he was arrested in the UAE and brought to India.

The accused has been presented in the New Delhi court on 2 May 2026. After getting transit remand from here, he has been taken to Kolkata for further legal process.

CBI Arrests Absconding Accused in ₹2672 Crore Bank Fraud Case pic.twitter.com/sCiqL0pgn9

— Central Bureau of Investigation (India) (@CBIHeadquarters) May 2, 2026