6 months ago
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The CBI has arrested a Singapore-based antheral from a edifice adjacent Delhi’s Indira Gandhi International Airport successful transportation with a ₹32-crore slope fraud, officials said connected Friday (November 14, 2025).
The man, identified arsenic Rajesh Bothra, was traced and picked up by the bureau pursuing a tip-off astir his accomplishment successful Delhi.
The fraud lawsuit stems from a ailment by the Punjab National Bank (PNB), which alleged that ₹31.60 crores was swindled by Frost Infrastructure and Energy Pvt Ltd (FIEL), its directors, unidentified nationalist servants, among others, according to a Central Bureau of Investigation (CBI) statement.
The bureau said the FIEL siphoned disconnected Letter of Credit (LC) proceeds by submitting forged bills of lading, fraudulently depicting commercialized betwixt the FIEL and 2 firms — FAREAST and Gulf Distribution Ltd — which belonged to Bothra.
It was alleged that the institution defrauded the slope by availing the Foreign Letter of Credit (FLC) bounds from the bank, it said.
“Investigation truthful acold has revealed that Bothra played an progressive relation successful the conspiracy with the institution FIEL and its directors, by providing bogus bills of lading and falsely showing merchantability and acquisition transactions of the FIEL with FAREAST and Gulf Distribution Ltd,” a CBI spokesperson said.
The bogus bills were submitted by the FIEL to the bank, done which the institution siphoned disconnected the LC proceeds, causing a “wrongful nonaccomplishment of astir ₹32 crore to PNB”, according to the spokesperson.
“Investigation has revealed that FAREAST and Gulf Distribution Ltd were really controlled and operated by Bothra, and nary existent concern oregon question of goods took spot arsenic falsely shown successful the forged bills of lading,” the CBI connection said.
Bothra is besides an accused successful different cases of the CBI’s Anti-Corruption Branch, Lucknow, and has been chargesheeted successful immoderate of these cases on with different accused persons.
“He ne'er joined the probe successful these cases, nor did helium look during the trial. He is wanted successful galore different slope fraud and economical offence cases,” the connection said.
The CBI said the apprehension of Bothra volition facilitate his introspection successful the lawsuit nether investigation, guarantee his beingness earlier proceedings courts successful chargesheeted cases, and forestall him from evading the process of instrumentality by leaving India.
