Indonesia has extradited absconding industrialist Vinay Mittal, who was wanted in seven bank fraud cases worth Rs 40 crore, to India, CBI officials said here on Tuesday.
Mittal’s name had figured in the list of prominent fugitive economic offenders of the Government which contained names of industrialists Vijay Mallya, Nitin Sandesara, Nirav Modi, Mehul Choksi and Jatin Mehta among others.
The CBI had registered regular cases against Mittal in 2014 and 2016 at the behest of Corporation Bank and Punjab National Bank, which is reeling under Rs 13,000 crore bank fraud allegedly perpetrated by fugitive diamond traders Nirav Modi and Mehul Choksi, the officials said.
The agency had filed seven charge sheets before designated courts in Delhi and Ghaziabad against Mittal after which he purportedly escaped from the country.
The court has declared him as absconder and the agency got issued a Red Corner Notice against him through the Interpol.
Subsequently, the agencies traced his location to Bali in Indonesia where he was living with his family. He was arrested by Indonesian authorities in January 2017 on the basis of Red Corner Notice.
Recently, Indonesian President had cleared his extradition to India following which he was sent to India this month. He was arrested upon arrival and sent to judicial custody.
After his extradition earlier this month, the agency also got a shot in arm when another accused Mohammad Yahya, accused in a Rs 46 lakh bank loan fraud case, was deported from Bahrain.