CBI Arrests Singapore-Based Rajesh Bothra in Rs 31.60-Crore PNB LC Fraud Probe

Overview

• CBI officers traced Rajesh Bothra to Hotel Andaz and Hyatt Residences in Aerocity, New Delhi, after receiving inputs on his arrival.
• The case was registered in 2024 on a Punjab National Bank complaint against Frost Infrastructure and Energy Pvt. Ltd., its directors, and others over misuse of a Foreign LC limit.
• The agency alleges Bothra provided bogus trade documents showing deals with FAREAST and Gulf Distribution Ltd to enable withdrawal of LC proceeds.
• Investigators say the two foreign firms were controlled by Bothra and that no actual shipment or business took place as claimed.
• The CBI plans to produce him before the trial court today to secure his examination and prevent further evasion, noting he is chargesheeted in other cases and had not appeared.