New Delhi: CBI has arrested a proclaimed offender who was involved in alleged cheating of National Agricultural Cooperative Marketing Federation of India to the tune of nearly Rs 150 crore.
G Lakshamanan had allegedly submitted false and forged documents to NAFED for disbursement of nearly Rs 260 crore worth of loan purportedly for export of iron ore and had been on the run since 2006 when the agency registered the case.
"CBI had registered a case on September 21, 2006 on the allegations of cheating and misappropriation of funds of National Agricultural Cooperative Marketing Federation of India Ltd (NAFED)," agency spokepserson Kanchan Prasad said on Monday.
She said a substantial part of the amount was misappropriated and utilised for purchasing movable and immovable properties and thereby causing wrongful loss to the tune of approximately Rs 149.53 crores to NAFED. CBI had filed the charge sheet on December 15, 2008 for alleged criminal conspiracy along with IPC sections related to cheating and forgery, among others.
"The accused person was absconding and he was declared proclaimed offender on July 25, 2014 by the trial Court. The arrested accused person had submitted false stock and letters to NAFED for disbursement of funds in the name of accused firm," the spokesperson said. She said after sustained efforts, CBI traced the accused and arrested him at Bangalore.
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