15 years on, CBI nabs Kerala man in ₹1.5 cr Ludhiana bank fraud case
The case, registered on July 21, 2010, pertains to allegations that Surendran and others availed foreign bill purchase credit worth ₹1.5 crore from the Bank of India, Ludhiana, using forged documents.
The case, registered on July 21, 2010, pertains to allegations that Surendran and others availed foreign bill purchase credit worth ₹1.5 crore from the Bank of India, Ludhiana, using forged documents.
The case, registered on July 21, 2010, pertains to allegations that Surendran and others availed foreign bill purchase credit worth ₹1.5 crore from the Bank of India, Ludhiana, using forged documents.
Kollam: The Central Bureau of Investigation (CBI) has arrested Surendran J, a native of Kulakkada, Mavadi in Kollam, in connection with a long-pending bank fraud case linked to Punjab.
The case, registered on July 21, 2010, pertains to allegations that Surendran and others availed foreign bill purchase credit worth ₹1.5 crore from the Bank of India, Ludhiana, using forged documents. Investigators identified Surendran, proprietor of a partnership firm named Stitch and Ship at Puthoor, Kollam, as the key conspirator.
A chargesheet was filed before the Special Judicial Magistrate (SJM) Court, CBI, SAS Nagar, Mohali. However, Surendran absconded, and in 2012, he was declared a proclaimed offender after failing to appear for trial.
Despite years of search, his whereabouts remained unknown until recently, when technical surveillance and field verification helped the CBI trace him to Kollam.
He was arrested and produced before the Chief Judicial Magistrate Court, Thiruvananthapuram, on September 19, 2025, which granted his transit remand. The following day, he was presented before the SJM Court, Mohali, and remanded to judicial custody.