New Delhi, Nov 14
The Central Bureau of Investigation (CBI) has arrested Singapore-based businessman Rajesh Bothra for his alleged involvement in a Rs 31.60 crore bank fraud case linked to Punjab National Bank (PNB), the investigation agency said on Friday.
Bothra was taken into custody on Thursday after the agency received specific inputs about his arrival in India and subsequently traced him to Hotel Andaz and Hyatt Residences in Aerocity, New Delhi.
The case, registered last year (RC0062024A0032) on the basis of a complaint filed by PNB, pertains to alleged fraudulent activities by M/s Frost Infrastructure and Energy Pvt. Ltd. (FIEL), its directors, unknown individuals, and unnamed public servants.
The company had reportedly availed a Foreign Letter of Credit (FLC) limit from the bank through forged documentation.