CBI Arrests Fugitive in 40-Year-Old Bank Fraud Case

After a 40-year pursuit, the Central Bureau of Investigation (CBI) has apprehended Satish Kumar Anand, a key figure in a bank fraud case involving Rs 5.69 lakh. The arrest, made on June 24, 2025, in Rohini, North Delhi, marks the end of a decades-long manhunt for the former manager of Hapur-based Ashok Trading.

The case dates back to 1977, when Anand, along with Ashok Kumar, the owner of Ashok Trading, allegedly conspired to defraud the Bank of India. They secured a loan using forged receipts and fabricated bills that falsely indicated the dispatch of goods, causing a significant financial loss to the bank. The CBI registered the case in 1978, and both individuals were convicted in 1985, each receiving a five-year prison sentence and a Rs 15,000 fine. However, Anand absconded post-conviction, evading authorities by frequently changing locations across Delhi and Hapur, Uttar Pradesh.

Declared a proclaimed offender by a Dehradun court in 2009, Anand, now in his seventies, remained elusive until recent intelligence led the CBI to his hideout. Following his arrest, he was presented before a special court in Dehradun, which ordered judicial custody. The operation reflects the CBI’s persistent efforts to bring long-standing fugitives to justice, with recent posts on X highlighting the agency’s success in closing this prolonged case.

This arrest underscores the importance of sustained law enforcement efforts in tackling financial crimes, serving as a reminder that justice can prevail even after decades. Southasiandesk.com remains committed to delivering accurate and timely updates on significant developments across the region.

Published in SouthAsianDesk, June 26th, 2025

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