New Delhi, June 25 -- 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...