CBI Captures Fugitive Satish Kumar Anand After 40 Years in Bank Fraud Case

Long-Awaited Arrest of Satish Kumar Anand

The Central Bureau of Investigation (CBI) has apprehended Satish Kumar Anand, a fugitive wanted in a bank fraud case for four decades, on Wednesday. The agency revealed that Anand was convicted in 1985 for defrauding the Bank of India of ₹5.69 lakh and was sentenced to five years in prison, yet he managed to evade authorities for 40 years.

According to a spokesperson from the CBI, the 70-year-old Anand was taken into custody in Rohini, North Delhi, and subsequently transported to Dehradun, where he was presented before a special court and placed in judicial custody.

This fraud case dates back to 1977, involving allegations that the then-branch manager of the bank conspired with Anand to deceive the institution. A private company was granted a loan based on forged receipts submitted alongside invoices, which falsely indicated the supply of goods, resulting in significant losses for the bank and a financial gain of ₹5.69 lakh for Anand.

The CBI initiated a case against Anand, the bank's branch manager, and another accused, Ashok Kumar, on May 5, 1978. On June 19, 1985, a special judge in Dehradun acquitted the branch manager of the charges but found Anand and Kumar guilty, sentencing them to five years of rigorous imprisonment and imposing a fine of ₹15,000.

However, following the sentencing, Anand went into hiding, leading the court to declare him a fugitive on November 30, 2009. Officials reported that Anand frequently changed his residence to avoid capture. The CBI finally succeeded in locating him after discovering a mobile number registered in the name of Anand's son.