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CBI Arrests Fugitive in 2013 Rs 17 Crore Bank Fraud After 12 Years on the Run

The arrest revives a pending CBI Pune prosecution in an alleged Rs 17 crore Indian Overseas Bank fraud.

Overview

  • The CBI identified the accused as Ashutosh Pandit, director of M/s House of Laptops (I) Pvt. Ltd., Pune.
  • He lived under the assumed name Yatin Sharma at a Bambolim, Goa address to evade detection.
  • Investigators say he altered PAN, Aadhaar and passports, first obtaining one in New Delhi before securing another in Goa.
  • He was declared a proclaimed offender in April 2018 after remaining untraceable following a 2013 chargesheet.
  • The case, initially with Mumbai’s Economic Offences Wing, was transferred to CBI Pune, where trial proceedings remain pending.