Hyderabad, May 16 -- The Pune Crime Investigation Department (CID) officials arrested an accused who had been on the run for the last 17 years on Tuesday, May 12. He was allegedly involved in financial fraud worth Rs 145.60 crore.

The accused has been identified as Vijaykumar Ramchandra Dayama, a resident of Gayatri Nagar in Hyderabad. He has been implicated in a case involving financial misappropriation at the Samata Co-operative Bank in Nagpur between 1997 and 2007.

Reportedly, Dayama, along with bank officials like board members and others, was part of a scheme resulting in a financial loss of Rs 145.60 crore. In 2007, a case was registered against 57 individuals, including Dayama, at Sitabardi police station in Nagpur.