The Central Bureau of Investigation apprehended Renu Saxena, a proclaimed offender, on February 6, 2026, in connection with a significant bank fraud case involving Punjab and Sind Bank’s Meerut branch. The case, registered in 2012, accused Renu Saxena of executing a false sale deed with her husband Bhudev Singh under a fictitious name for a property in Meerut. This fraudulent activity led to the approval of a housing loan of Rs 14 lakh in favor of the fictitious beneficiary.
Investigations revealed that Renu Saxena and others were involved in sanctioning and disbursing twenty-four housing loans and two overdrafts worth around Rs 3.63 crore based on fake identities and income proofs. Despite being named as an accused, Renu Saxena failed to appear in court, leading to a standing warrant against her in 2017. After years of search efforts, the CBI successfully located and arrested her in Meerut on February 6, 2026.
This arrest marks a breakthrough in the fourteen-year-old investigation, shedding light on collusion between bank officials and private individuals in misappropriating public funds through fraudulent loan schemes. The CBI emphasized that the probe will continue to uncover the wider conspiracy and recover embezzled funds.
