
CBI arrests proclaimed offender from Bengaluru after six years
Bringing a dramatic close to the pursuit, the CBI arrested Nasreen from Bengaluru, who was living there under the name of Salma after severing contact with her spouse, family members, and social network, frequently changing residences, they said.
'She misled the residents as well as her employer about her real identity and maintained minimal interaction with locals, further hindering the efforts to trace her," a CBI spokesperson said in a statement.
After a year-long investigation, the CBI submitted its chargesheet on October 12, 2010, accusing Nasreen of acting in collusion with her husband, Asadullah Khan, who was part of a conspiracy involving eight other accused to cheat Syndicate Bank to the tune of Rs 12.63 crore.
The investigation revealed that Nasreen, despite having no independent income, fraudulently availed of a temporary overdraft (TOD) facility of up to Rs 1.20 crore, in addition to farm loans amounting to Rs 55 lakh, from Syndicate Bank.
The CBI alleged that the farm loans were illicitly diverted by her towards the repayment of the TOD, instead of utilising them for agricultural development, as mandated under the terms of the sanction.
The agency alleged that Nasreen did not join the investigation, prompting the court to declare her a proclaimed offender on November 27, 2021, and attach her property.
'She failed to join the trial or respond to summons and warrants and was untraceable since 2019. Multiple non-bailable warrants were issued against her since April 30, 2019," the spokesperson said.
While the other co-accused were tried, convicted, and acquitted in the case, the trial against the absconding accused remained pending, she said.
Deploying advanced technological tools and identity-tracking databases, the investigators analysed her digital footprints, she said.
Using tech-driven intelligence, combined with extensive field investigations and on-the-ground inquiries, the CBI located her in Bengaluru, where she was living under the assumed name of Salma.
Nasreen was arrested on July 19 and produced before a special court in Bengaluru, which sent her to judicial custody for facing the trial. PTI ABS ARI
view comments
First Published:
July 21, 2025, 17:15 IST
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Indian Express
15 minutes ago
- Indian Express
Gujarat ATS and ED join Bharuch police in hawala racket probe
Officials of the Gujarat Anti Terrorist Squad (ATS) and the Enforcement Directorate joined Bharuch police in a probe into the seizure of a 'hawala racket' of Rs 48 lakh, which arrived from Africa's Zambia to Bharuch, a few days ago. A maulavi from Aurangabad is under the scanner of the top investigating agencies after his claims allegedly turned out to be futile. Special Operations Group (SOG) sleuths of the Bharuch police had on July 17 caught three youths from a house in Karmad village on the outskirts of Bharuch and recovered Rs 40.35 lakh in cash from their possession. After the trio failed to provide satisfactory answers about the seized cash, they were detained. They were identified as Huzaifa Patel (22), Zakariya Bariwala (Patel) (23), and Mohammed Javid Patel (24) — all residents of Bharuch, and were interrogated. During interrogation, they confessed to having stolen the money from a car parked at Omkar complex in Ankleshwar on July 14. The trio also revealed that they had chased the car from Bharuch. Huzaifa disclosed that he had hacked into his friend and alleged hawala racketeer Shakir Patel's WhatsApp, and learnt that a huge sum of money would reach a cloth shop at Bharuch market on July 14. Shakir is from Bharuch. The information given by the trio led Bharuch SOG to a A l Quswa cloth shop at Bharuch market, where they questioned owner Afzal Patel, Zakariya's elder brother. Afzal confessed to having given Rs 48 lakh in cash to Maulvi Musa Randera, a teacher and resident of a madressa in Sillod village in Aurangabad and a native of Mangrol taluka in Surat. Afzal also disclosed that the money was given to him by one Zahur Patel on behalf of Shakir. The money was to be handed over to Maulavi Musa. In his statements to the Bharuch police, Maulana Musa disclosed that his cousin, Zahid Nomani from Zambia had sent the money as the former wanted to purchase a property in his village. Bharuch police also took statements of Shakir and continued the probe further. Top officials of the Gujarat ATS reached Bharuch two days ago, after learning about the seizure of a 'considerable amount from an undisclosed source'. The ED officials of Surat also reached Bharuch and collected the details from the Bharuch police and started a probe. A team of Bharuch police has gone to Aurangabad and is collecting more information from Maulavi Musa. Talking to The Indian Express, Bharuch SOG police inspector Anand Chaudhary said, 'The motive behind bringing such a huge amount of money is still not clear. Maulavi (Musa) had told us that he wanted to purchase a property in his village. Our team reached his native village and learnt that there is no such property, which is meant for sale. We also cross-checked the financial status of his cousin, Zahid Nomani, in Zambia, and found that he is living hand-to-mouth. He is doing a petty job and earning around Rs 6 lakhs per year.' He further added, 'The statements of Maulavi are contradictory, as his story of purchasing a property turned futile, and even his brother's financial status is also not sound. Maulavi is serving in a madressa in Aurangabad and stays there with his family and has a monthly salary of Rs 12,000.' Chaudhary further added, 'When we asked Maulavi as to why he had not registered an offence of theft of the cash worth Rs 48 lakh with Ankleshwar police, he could not give a satisfactory reply. This led the needle of suspicion on him. We have collected some vital information from those who have been interrogated and shared it with the ED and the ATS, so that they can dig out more information. The purpose of the transfer and usage of the money is not clear. We suspect that there was some other motive.' Sources in Bharuch police, meanwhile, said that Gujarat ATS officials have started questioning all those involved in this hawala racket, including Maulvi Musa and Shakir. Police suspect that Maulavi might have collected money through a hawala racket earlier as well.


Time of India
15 minutes ago
- Time of India
ED files case against credit payment app company for FDI 'violation'
Academy Empower your mind, elevate your skills The Enforcement Directorate on Wednesday said it has registered a foreign exchange violation case against a Bengaluru-based company that offers credit payment service through a mobile app named Simpl for alleged contravention of foreign direct investment (FDI) rules to the tune of more than Rs 913 case pertains to the company named One Sigma Technologies Pvt. Ltd. and its director Nithya Nand Sharma. The company runs its business through its app that provides 'Buy Now Pay Later' services, including a facility for its customers to pay in installments."The company received FDI under automatic route and issued convertible notes under automatic route without obtaining prior approval from the Government of India and thereby contravened the provisions of the Foreign Exchange Management Act (FEMA) collectively to the tune of Rs 913,75,88,062 and rendered itself liable to be proceeded under FEMA," the federal probe agency said in a ED said a probe was initiated against the company on the basis of "credible" information that it received a "substantial" amount of foreign direct investment (FDI) from the US, allegedly in violation of the was learnt, the agency said, that One Sigma Technologies received FDI to the tune of Rs 648,87,76,480 and issued Convertible Notes of Rs 264,88,11,582 under 100 per cent automatic route by declaring its business activity as 'Benefits of Information Technology and other computer service activities'.An analysis of the business model and revenue generation model of the company found that it was into business that falls under the category of financial as per a circular issued by RBI, FDI in financial activities not regulated by any authority is to be brought under 100 per cent approval route, it activities where government approval is necessary for receiving FDI, any startup company can issue convertible notes only with the approval of the Central One Sigma Technologies has issued convertible notes "without obtaining" any approval from the government, the ED said.


Time of India
19 minutes ago
- Time of India
Enforcement Directorate files case against credit payment app company for FDI 'violation'
The Enforcement Directorate on Wednesday said it has registered a foreign exchange violation case against a Bengaluru-based company that offers credit payment service through a mobile app named SIMPL for alleged contravention of FDI rules to the tune of more than 913 crore. The case pertains to the company named One Sigma Technologies Pvt. Ltd. and its director Nithya Nand Sharma. The company runs its business through its app that provides 'Buy Now Pay Later' services, including a facility for its customers to pay in installments. Explore courses from Top Institutes in Please select course: Select a Course Category Data Science Product Management Technology Operations Management MBA Management Design Thinking Others Degree CXO Healthcare Artificial Intelligence Cybersecurity Leadership PGDM Digital Marketing MCA Project Management Finance healthcare Data Science Data Analytics others Public Policy Skills you'll gain: Strategic Data-Analysis, including Data Mining & Preparation Predictive Modeling & Advanced Clustering Techniques Machine Learning Concepts & Regression Analysis Cutting-edge applications of AI, like NLP & Generative AI Duration: 8 Months IIM Kozhikode Professional Certificate in Data Science and Artificial Intelligence Starts on Jun 26, 2024 Get Details Skills you'll gain: Data Analysis & Interpretation Programming Proficiency Problem-Solving Skills Machine Learning & Artificial Intelligence Duration: 24 Months Vellore Institute of Technology VIT MSc in Data Science Starts on Aug 14, 2024 Get Details "The company received FDI under automatic route and issued convertible notes under automatic route without obtaining prior approval from the Government of India and thereby contravened the provisions of the Foreign Exchange Management Act (FEMA) collectively to the tune of Rs 913,75,88,062 and rendered itself liable to be proceeded under FEMA," the federal probe agency said in a statement. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cardiologist Reveals: The Simple Morning Habit for a Flatter Belly After 50! Lulutox Undo The ED said a probe was initiated against the company on the basis of "credible" information that it received a "substantial" amount of foreign direct investment (FDI) from the US, allegedly in violation of the policy. It was learnt, the agency said, that One Sigma Technologies received FDI to the tune of Rs 648,87,76,480 and issued Convertible Notes of Rs 264,88,11,582 under 100 per cent automatic route by declaring its business activity as 'Benefits of Information Technology and other computer service activities'. Live Events An analysis of the business model and revenue generation model of the company found that it was into business that falls under the category of financial activities. However, as per a circular issued by RBI, FDI in financial activities not regulated by any authority is to be brought under 100 per cent approval route, it said. In activities where government approval is necessary for receiving FDI, any startup company can issue convertible notes only with the approval of the Central government. However, One Sigma Technologies has issued convertible notes "without obtaining" any approval from the government, the ED said.