The Central Bureau of Investigation (CBI) has achieved the extradition of Kamlesh Parekh, a wanted fugitive, from the United Arab Emirates. Parekh is linked to a significant banking fraud case involving losses amounting to hundreds of crores. The CBI, in collaboration with the Ministry of External Affairs (MEA) and the Ministry of Home Affairs (MHA), successfully brought Parekh back to India on May 1, 2026.
Parekh was sought in connection with a case of large-scale financial irregularities that impacted a consortium of banks, primarily led by the State Bank of India (SBI). Allegedly, Parekh and other stakeholders diverted bank funds through various overseas entities and business operations, including those in the UAE. The CBI stated that the accused, along with accomplices, engaged in fraudulent practices like manipulating financial transactions and misusing banking channels.
Following an Interpol Red Notice, Parekh was located in the UAE, where he was detained by local authorities at India’s behest. After completing the necessary legal procedures and coordination between Indian and UAE authorities, Parekh was handed over to Indian officials. On May 1, he arrived in Delhi and was taken into custody by the CBI’s Bank Securities and Fraud Branch (BSFB) in Kolkata.
The CBI emphasized its role as India’s National Central Bureau for INTERPOL and its coordination through BHARATPOL. It highlighted the successful repatriation of over 150 wanted criminals to India in recent years through such international collaborations.
