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CBI Nabs Fugitive Kamlesh Parekh in Major Bank Fraud Case After UAE Extradition

In a significant development, the CBI has arrested Kamlesh Parekh, a fugitive linked to a Rs 2,672 crore bank fraud case, after his extradition from the UAE. This case, involving Shree Ganesh Jewellery House, has been under investigation since 2016. Parekh had been evading authorities for years, with a non-bailable warrant issued against him in 2019 and a Red Corner Notice from Interpol in 2024. His capture marks a crucial step in the ongoing efforts to address financial crimes in India. Read on to learn more about the details surrounding this high-profile case.
By Narendra Chaudhary | May 2, 2026, 20:52 IST
CBI Nabs Fugitive Kamlesh Parekh in Major Bank Fraud Case After UAE Extradition gyanhigyan

Major Arrest in Bank Fraud Case


New Delhi: The Central Bureau of Investigation (CBI) has successfully apprehended Kamlesh Parekh, a fugitive implicated in a significant bank fraud case involving Rs 2,672 crore, following his extradition from the United Arab Emirates, as confirmed by officials on Saturday.


Parekh was sought in connection with a fraud case against Shree Ganesh Jewellery House (I) Ltd, based in Kolkata, and was extradited from the UAE on Friday.


The CBI initiated the investigation in 2016, alleging that the company and its associates defrauded a consortium of 25 banks out of Rs 2,672 crore.


According to a CBI spokesperson, Parekh, who has been on the run since the investigation commenced, was formally charged on December 31, 2022.


In 2019, an open-ended non-bailable warrant was issued for his arrest, and a Red Corner Notice was subsequently released through Interpol in 2024. Following this, UAE authorities detained him based on the notice, leading to his extradition to India.


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