Accused in ₹2,672-crore bank fraud case extradited from UAE, arrested by CBI
Kamlesh Parekh, a key accused in a ₹2,672-crore bank fraud case, has been extradited from the UAE and arrested by the CBI. He is linked to Shree Ganesh Jewellery House (I) Ltd., which allegedly defrauded a consortium of 25 banks led by the State Bank of India. The CBI coordinated his return as part of an ongoing investigation into financial misconduct.
- ▪Kamlesh Parekh was extradited from the UAE and arrested by the CBI on May 1.
- ▪He is a promoter of Shree Ganesh Jewellery House (I) Ltd., based in Kolkata.
- ▪The company is accused of defrauding a consortium of 25 banks led by the State Bank of India.
- ▪The alleged fraud amounts to ₹2,672 crore.
- ▪The CBI coordinated the extradition and return of Parekh from the UAE.
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The Central Bureau of Investigation (CBI) has coordinated the return of two fugitives from the United Arab Emirates (UAE). One of them was wanted in an alleged ₹2,672-crore bank fraud case.Accused Kamlesh Parekh, now arrested by the CBI in a case against Kolkata-based Shree Ganesh Jewellery House (I) Ltd., was brought from the UAE on May 1. As a promoter of the company, he was allegedly involved in cheating a consortium of 25 banks led by the State Bank of India (SBI).
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