An official said on Sunday that New Delhi, September 21 (IANS) abolished the 13 -year -old chase, the CBI arrested a declared criminal from Kollam in Kerala in connection with a bank fraud of Rs 1.5 crore in Punjab.
On September 18, the CBI arrested Surendran J, a resident of Kulakkad Panchayat, Kollam, after tracking them using technical surveillance, the officer said in a statement.
Surendran, the proprietor of the company Stitch and Ship at Kollam, and others were booked by the Central Bureau of Investigation Bureau of Investigation (CBI) in July 2010, which was said by CBI on charges of taking advantage of foreign bill purchase credit facility of Rs 1.5 crore on the basis of fake and fake documents of Bank of India, Ludhiana.
The accused Surendran J was a prominent conspirator in the conspiracy, and a charge sheet was filed in a special CBI court in SAS Nagar, Mohali, Punjab, and others said the CBI.
Surendran failed to join the first trial and was declared a declared criminal by the court in 2012. The CBI said that despite continuous efforts to trace him, he remained absconding.
Recently, based on technical intelligence and ground verification, their location was pinned in Kollam district, Kerala, which was a pioneer for his arrest, the federal investigative agency said.
The CBI said in a statement that soon after Surendran was arrested, he was produced in the court of Chief Judicial Magistrate Thiruvananthapuram on Friday.
The court accepted the CBI application to give its transit remand to produce it in a special CBI court in Mohali, Punjab.
A CBI statement said that the declared criminal was produced in the special CBI court, Mohali on Saturday and was sent to judicial custody.
Surendran often managed to cheat the bank using a credit facility provided to exporters. He offered lattice documents for foreign bill purchases (FBP) as well as a short-term credit facility offered to exporters to help manage their cash flow needs while waiting for payment from foreign buyers.
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RCH/UK