GURUGRAM: A man allegedly involved in a Rs 400 crore Citibank fraud of 2010 has been arrested from Dehradun.
Shivraj Puri, who had been arrested earlier too, was declared an offender after he didn’t appear for a hearing in court. Police said he had committed several frauds after being released on bail and was declared a proclaimed offender.
“He had committed a fraud of Rs 400 crore in 2010 and an FIR in the matter had been registered at DLF phase 2 police station,” ACP Preet Pal Sangwan said in a statement on Sunday. Shivraj, who was out on bail, continued to cheat people on the pretext of high returns even after his release and several cases have been registered against him at different police stations. Three cases of fraud have been filed against Shivraj in Gurugram.
Sangwan said the Sikanderpur crime branch had received a tip-off about Shivraj’s whereabouts on Friday and nabbed him from Dehradun. “The accused was produced in court on Saturday and was remanded in police custody,” the officer added. In custody, Shivraj would be questioned about his involvement in other fraud cases and his accomplices, he added. In 2010, the Citibank fraud had hit several headlines across the country. Apart from Gurugram police, a team of the Securities and Exchange Board of India (SEBI) had also conducted separate investigations in connection with the huge fraud.