Latest news with #SatishKumarAnand
India Gazette
10 hours ago
- India Gazette
CBI arrests one accused in 5.6 lakh bank fraud case from 1978
New Delhi [India], June 25 (ANI): Central Bureau of Investigation (CBI) arrested Satish Kumar Anand, a Proclaimed Offender (PO) in a case relating to bank fraud of Rs 5,69,000 of Bank of India. CBI had registered the case on May 5, 1978 against the three accused, including the then Bank Branch Manager, Satish Kumar Anand and Ashok Kumar on the allegations that the accused then Bank Branch Manager while posted and functioning as Branch Manager during 1977 entered into criminal conspiracy with Satish Kumar Anand to cheat the Bank, according to the probe agency. According to CBI, the said Bank Branch Manager advanced loan to a private company on the forged receipt submitted along with the bills by falsely showing dispatching of consignment, and due to this wrongful loss to the bank and pecuniary gain to the tune of Rs 5,69,000 was caused to accused Satish Kumar Anand. After investigation, CBI had filed the charge sheet against all the three accused persons - the then Bank Branch Manager, Satish Kumar Anand and Ashok Kumar in the Ld. Court of Special Judge, CBI, Dehradun. The accused Satish Kumar Anand and Ashok Kumar were convicted by Ld. Special Judge, CBI, Dehradun vide judgement dated June 19, 1985 and awarded Imprisonment (RI) of 05 Years and fine of Rs.15,000. The accused then Bank Branch Manager was acquitted. After conviction, the accused Satish Kumar Anand absconded. The Ld. Court of Special Judge, CBI, Anti-Corruption, Dehradun declared absconding Satish Kumar Anand as Proclaimed Offender vide the order dated November, 30, 2009, the probe agency said. (ANI)
Time of India
12 hours ago
- Time of India
CBI nabs accused in 1978 bank fraud case
Lucknow: In a major breakthrough in a decades-old financial fraud case, the Central Bureau of Investigation (CBI) on Wednesday arrested Satish Kumar Anand—declared a Proclaimed Offender (PO) in connection with a 1978 bank fraud amounting to Rs 5.69 lakh. The accused was apprehended from Rohini East in Delhi following sustained surveillance and intelligence gathering. The original case was registered by the CBI on May 5, 1978, against three individuals: the then branch manager of Bank of India, Hapur (Uttar Pradesh); Satish Kumar Anand, manager of M/s Ashok Trading, Hapur and Ashok Kumar, proprietor of the same firm. Investigators alleged that the accused conspired to defraud Bank of India by securing loans based on forged railway receipts and bills submitted by the private individuals. A chargesheet was filed against three accused before the Special Judge, CBI, Dehradun. On June 19, 1985, the court convicted Satish Kumar Anand and Ashok Kumar, sentencing both to five years of rigorous imprisonment and a fine of Rs 15,000 each. The bank manager was acquitted. However, Satish Kumar Anand absconded to evade imprisonment and was declared a Proclaimed Offender on Nov 30, 2009. CBI officials stated that Anand evaded arrest for years. His known addresses in Delhi and Hapur yielded no results. Investigators managed to obtain a phone number belonging to his son from local sources. Based on subscriber data, surveillance was mounted at the identified address. The arrested accused was produced before the Special Judge, CBI, Dehradun, on Wednesday, where he was remanded to judicial custody.
Hindustan Times
13 hours ago
- Hindustan Times
CBI arrests accused in 5.6 lakh bank fraud case from 1978
Central Bureau of Investigation (CBI) arrested Satish Kumar Anand, a Proclaimed Offender (PO) in a case relating to bank fraud of ₹ 5,69,000 of Bank of India. The accused Satish Kumar Anand and Ashok Kumar were convicted by Ld. Special Judge, CBI, Dehradun vide judgement dated June 19, 1985.(iStockphoto) CBI had registered the case on May 5, 1978 against the three accused, including the then Bank Branch Manager, Satish Kumar Anand and Ashok Kumar on the allegations that the accused then Bank Branch Manager while posted and functioning as Branch Manager during 1977 entered into criminal conspiracy with Satish Kumar Anand to cheat the Bank, according to the probe agency. According to CBI, the said Bank Branch Manager advanced loan to a private company on the forged receipt submitted along with the bills by falsely showing dispatching of consignment, and due to this wrongful loss to the bank and pecuniary gain to the tune of ₹ 5,69,000 was caused to accused Satish Kumar Anand. After investigation, CBI had filed the charge sheet against all the three accused persons - the then Bank Branch Manager, Satish Kumar Anand and Ashok Kumar in the Ld. Court of Special Judge, CBI, Dehradun. The accused Satish Kumar Anand and Ashok Kumar were convicted by Ld. Special Judge, CBI, Dehradun vide judgement dated June 19, 1985 and awarded Imprisonment (RI) of 05 Years and fine of Rs.15,000. The accused then Bank Branch Manager was acquitted. After conviction, the accused Satish Kumar Anand absconded. The Ld. Court of Special Judge, CBI, Anti-Corruption, Dehradun declared absconding Satish Kumar Anand as Proclaimed Offender vide the order dated November, 30, 2009, the probe agency said.
NDTV
14 hours ago
- NDTV
Loan Fraud Convict's 'Catch Me If You Can' Of 4 Decades Ends, Courtesy CBI
New Delhi: He has been on the run for 47 years in a Rs 5.69 lakh bank fraud case filed by the Central Bureau of Investigation in 1978. Over four decades later, the long arm of the law has finally caught Satish Kumar Anand, who cheated Bank of India by taking a loan of Rs 5.69 lakh back then - approximately Rs 29 lakh today if inflation is factored in. Mr Anand, who is in his 70s now, conspired with the branch manager of the bank to disburse him a loan of Rs 5.69 lakh in 1977. He used fake bills and non-existent delivery information in the name of a private company to secure the loan. The CBI filed a case in 1978 after Bank of India discovered the fraud. In June 1985, a court sentenced Mr Anand and another accused, Ashok Kumar, to five years and fined them Rs 15,000. The branch manager was, however, acquitted in the case. Mr Anand went into hiding after the court verdict came. Many years later in 2009, a court designated him a fugitive. The CBI said he kept on changing his location to evade arrest. He was not found at his old address in Delhi and Hapur in Uttar Pradesh. CBI teams worked hard and gathered information about his possible hideouts all these years, but he never showed up on their radar. The CBI achieved success when it got a mobile number registered in the name of Mr Anand's son through leads generated in areas of his last known locations. The CBI team then placed a surveillance network in Delhi's Rohini to track him down. The address was kept under constant watch. Once the CBI felt confident the address belonged to the fugitive who they have been searching for over four decades, they moved in and arrested Mr Anand. He was taken to a CBI court in Dehradun before he was sent into judicial custody.
Time of India
14 hours ago
- Time of India
47 yrs after he took bank loan using fraud, man, 75, arrested by CBI
Dehradun: More than 47 years on the run after being implicated in a bank fraud case involving Rs 5.7 lakh, CBI has arrested a 75-year-old man for allegedly cheating a public sector bank in collusion with the branch manager and another individual. Satish Kumar Anand, 75, was arrested from Sector 8 in Rohini, East Delhi, on Tuesday. Officials said he was taken to Dehradun to be produced before the Special CBI Judge on Wednesday. In 1977, Anand allegedly conspired with the Bank of India manager to fraudulently sanction a loan to a private company with forged consignment dispatch receipts, causing a loss of Rs 5.7 lakh to the bank. On May 5, 1978, the CBI charged three individuals — including the then Bank of India branch manager, Satish Kumar Anand, and another accused, Ashok Kumar — with criminal conspiracy and cheating. Subsequently, the CBI filed a chargesheet at a special court in Dehradun. In 1985, the court convicted Anand and Ashok Kumar, sentencing them to five years of rigorous imprisonment and a fine of Rs 15,000 each. The bank manager, though, was acquitted. However, Anand absconded soon after the verdict. To evade arrest, he frequently changed accommodations across Delhi and was living in a rented flat at the time of his arrest. In 2009, the CBI court declared him a proclaimed offender.
