Thiruvananthapuram, Sept. 21 -- The Central Bureau of Investigation (CBI) has arrested proclaimed offender Surendran J of Kollam district, Kerala, in connection with a Rs 1.5 crore bank fraud case pending since 2010.
CBI sources said Surendran, proprietor of Stich and Ship, Puthoor, Kollam, was accused of availing foreign bill purchase credit facility to the tune of Rs 150 lakh from Bank of India, Ludhiana, using forged and fake documents.
A chargesheet was filed against him and others before the Special Judicial Magistrate (SJM), CBI, SAS Nagar, Mohali, Punjab. The accused failed to appear for trial and was declared a proclaimed offender in 2012.
He had remained absconding despite repeated efforts by the agency to trace him. Based on fr...