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CBI Arrests Proclaimed Offender in Rs 41 Lakh Bank Fraud Case

Indian Community Editorial TeamBy Indian Community Editorial TeamApril 3, 20262 Mins ReadNo Comments Add us to Google Preferred Sources
CBI Arrests Proclaimed Offender in Rs 41 Lakh Bank Fraud Case
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The Central Bureau of Investigation (CBI) arrested Davinder Pal Singh, a businessman and proclaimed offender, in Rajouri Garden, Delhi, for his involvement in a Rs 41 lakh fraud with a Noida-based bank in 2008. Singh, accused of using forged documents to secure a loan in his wife’s name, was presented before a Delhi court and subsequently sent to judicial custody. The case against Singh was registered by the CBI on December 14, 2010, for alleged criminal conspiracy to obtain a loan of Rs 40 lakh from Union Bank of India’s SSI Branch in Noida.

Singh managed to secure a cash credit limit of Rs 40 lakh from Union Bank of India in his wife’s name between May 2007 and June 2009. The loan was sanctioned based on false documents, leading to a wrongful loss of Rs 41.40 lakh for the bank. Following investigations, the CBI filed a chargesheet on September 29, 2012, against Singh and others. Due to Singh’s failure to appear in court during trial proceedings, he was declared a proclaimed offender on September 17, 2014, after a standing warrant was issued against him on September 26, 2013.

Despite previous attempts to locate Singh, the CBI intensified efforts in recent months, utilizing open-source intelligence and data analytics. By analyzing information from various sources such as electoral rolls and telecom service providers, the agency successfully traced Singh’s mobile numbers. Singh, who frequently changed his location to evade arrest, was apprehended in Rajouri Garden, Delhi, following a coordinated operation by the CBI. He was then presented before the court and placed in judicial custody.

Central Bureau of Investigation Davinder Pal Singh Delhi M/s Dee Pee Electricals Noida Rajouri Garden Union Bank of India
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Indian Community Editorial Team

The Indian Community Editorial Team curates, verifies, and publishes stories that matter to Indians worldwide. From culture and community to business and innovation, our mission is to spotlight voices, ideas, and events that bring our global community closer together. Have news or a story to share? Submit it to us at [email protected].

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