CBI Nabs Kamlesh Parekh After UAE Extradition In Rs 2,672 Cr Bank Fraud Case

New Delhi: The CBI has arrested fugitive Kamlesh Parekh, wanted in the 10-year-old Rs 2,672-crore bank fraud case, after his extradition from the UAE, officials said on Saturday.

Parekh, wanted in the bank fraud case against Shree Ganesh Jewelery House (I) Ltd in Kolkata, was extradited from the UAE on Friday, they said.

The CBI had filed a case against the company and others in 2016, alleging cheating of Rs 2.672 billion by a consortium of 25 banks.

“The agency has filed a criminal complaint against Parekh, the promoter of the company, who absconded on December 31, 2022, since the start of the investigation,” a CBI spokesperson said in a statement. he said.

The statement said, “An open-ended non-bailable arrest warrant was issued against him in 2019, and a Red Corner Notice was issued through Interpol in 2024. Authorities in the UAE detained him based on the said notice and was subsequently extradited to India.”