The Central Bureau of Investigation (CBI) has apprehended Sameer Joshi, a proclaimed offender, in connection with a financial fraud case associated with the Life Insurance Corporation of India. The CBI initiated the case on August 13, 2012, following a complaint from LIC, Lucknow, alleging significant misappropriation of funds through the fabrication of forged cheques for deceptive insurance policies.
Investigations unveiled that these forged cheques were issued under fictitious policyholders’ names, enabling the accused to embezzle funds and manipulate official records to mask the deceit. The financial discrepancies, totaling Rs 6,37,66,660, occurred between February 2006 and August 2010 at the LIC office in Jankipuram, Lucknow.
After concluding the investigation, the CBI filed a charge sheet on August 21, 2014, against 12 individuals, including Sameer Joshi. Joshi, in collusion with Pankaj Saxena, a former Higher Grade Assistant at LIC, orchestrated a scheme to create counterfeit cheques in their names, leading to the misappropriation of around Rs 62 lakh, which was then distributed among the culprits.
Initially arrested during the inquiry, Joshi was granted bail but subsequently absconded. He was declared a Proclaimed Offender on December 24, 2025. Acting on recent intelligence, the CBI located and arrested Joshi at a Lucknow Metro station on March 31. Following his apprehension, Joshi was presented before the relevant trial court, which remanded him to judicial custody.
