Industrialist wanted for ~40cr fraud extradited

NEWDELHI: The CBI has managed to bring an absconding industrialist Vinay Mittal, wanted in bank fraud cases, from Indonesia, said agency officials.

“Mittal is wanted in seven cases of bank frauds and he was recently extradited to India from Indonesia,” said a CBI official.

Following his extradition to India, Mittal is in judicial custody, added the official.

Mittal was accused by the CBI in 2014 as well as in 2016 of committing bank fraud worth ~40 crore. The probe agency registered cases against him following the complaints from the Punjab National Bank and Corporation Bank. But Mittal allegedly fled to Indonesia when chargesheets were pending against him. Mittal was arrested in Indonesia on the basis of the Interpol Red Notice and following an extradition process, he was sent back to India, said the official.

Besides Mittal, the agency officials said, they have also managed to bring back another absconding businessman Mohammad Yahya, accused of committing a bank fraud of Rs 46 lakh, from Bahrain. He too was arrested in Bahrain on the basis of an Interpol Red Notice.