Vigilance Bureau apprehends bank manager declared Proclaimed Offender in loan fraud case from Delhi airport

Vigilance Bureau apprehends bank manager declared Proclaimed Offender in loan fraud case from Delhi airport

Punjab Vigilance Bureau (VB), has apprehended bank manager Sukhwant Singh, an accused and Proclaimed Offender (PO), from IGI Airport, New Delhi upon his arrival from USA.

Disclosing this here today an official spokesperson of the state VB said that the above mentioned accused was wanted in a case no. 32 dated 24.08.2006 registered under section 409, 420, 467, 468, 471, 120-B of IPC and 13 (D) read with 13(2) of Prevention of Corruption Act at VB police station Amritsar range. The

accused was declared PO in the aforementioned case by the court on 06-04-2011 for fraudulently giving loans amounting to Rs 2.50 crore by misusing his official position as Manager of the Central Cooperative Bank, branch Guru-Ka-Bagh, Amritsar.

The accused had fled to USA and subsequently a Look Out Circular (LOC) was issued against him by the Bureau.

He further informed that Vigilance Bureau was alerted about the arrival of the accused by Immigration Authorities of IGI Airport. Immediately a VB team was dispatched and the accused was arrested from the Airport.

He further informed that the accused was produced in the competent court accordingly and sent to judicial custody, he said.