Face2News/New Delhi

The Central Bureau of Investigation (CBI) has arrested the accused Rajesh Bothra, R/o Singapore on Thursday in connection with a bank fraud case of Rs. 31.60 crore, based on inputs about his arrival in India and tracing him to Hotel Andaz and Hyatt Residences, Aero City, New Delhi. 

The CBI registered the instant case (RC0062024A0032) based on complaint received from PNB against the company M/s Frost Infrastructure and Energy Pvt. Ltd. (M/s FIEL) and its Directors, unknown persons and unknown public servants for defrauding the bank to the tune of Rs. 31.60 crore by way of availing the FLC limit from the bank. 

Investigation, so far, has revealed that the accused Rajesh Bothra R/o Singapore played an active role in the conspiracy with the FIR named company M/s FIEL and its Directors by providing bogus / forged Bills of Lading falsely showing sale-purchase transactions of M/s FIEL with M/s FAREAST and M/s Gulf Distribution Ltd. The bogus / forged Bills of Lading were submitted by M/s FIEL to the bank which facilitated M/s FIEL in siphoning of the LC proceeds causing wrongful loss to the tune of approximately Rs. 32 crore to PNB (e-OBC). Investigation has revealed that M/s FAREAST and M/s Gulf Distribution Ltd. were actually controlled and operated by Rajesh Bothra and no actual business or movement of goods took place as falsely shown in the forged Bills of Lading. 

The accused Rajesh Bothra also figures as an accused in some other cases of CBI, ACB, Lucknow in which he has been chargesheeted alongwith other accused persons. The accused Rajesh Bothra never joined investigation in the aforesaid cases nor did he turn up during the trial. The accused Rajesh Bothra is wanted in many other bank fraud/economic offence cases. Arrest of the accused Rajesh Bothra will ensure his examination in the case under investigation and his presence before the Trial Courts for facing trial in chargesheeted cases and prevent him from evading the process of law by escaping from India.