CBI Nabs Fugitive Kamlesh Parekh After 10-Year Pursuit

Fugitive Kamlesh Parekh, involved in a Rs 2,672 crore bank fraud with Shree Ganesh Jewellery House, was arrested by the CBI following his extradition from the UAE. The CBI first charged him in 2016, and he evaded arrest until a Red Corner Notice led to his capture and return to India.

The Central Bureau of Investigation (CBI) successfully arrested Kamlesh Parekh, a fugitive implicated in a staggering Rs 2,672 crore bank fraud, as he was extradited from the UAE, officials reported on Saturday.

Parekh, associated with the Shree Ganesh Jewellery House (I) Ltd of Kolkata, had been on the run since the CBI registered the case in 2016 against his company and others accused of defrauding a consortium of 25 banks.

After charges were laid against him on December 31, 2022, an open-ended non-bailable warrant was issued in 2019 followed by an Interpol Red Corner Notice in 2024, leading UAE authorities to detain, and subsequently extradite, him.