CBI sources said Sethi, wanted in a case of cheating and forgery which caused an alleged loss of Rs 14.86 lakhs to the government exchequer, was nabbed from Charmwood Village, Faridabad in Haryana.
They said Sethi evaded arrest since 1995 in the case against employees of Mohan Meakins Limited for alleged fudging in import permits.
"It was alleged that accused persons entered into criminal conspiracy to forge excise import permit for beer and Indian Made Foreign Liquor (IMFL) purported to have been issued by the Excise Department, Government of Mizoram," CBI spokesperson Kanchan Prasad said here today.
The agency said a charge sheet was filed on January 8, 1993 against five accused, including Sethi in the Court of Special Judicial Magistrate, CBI, Lucknow for causing an alleged loss of Rs. 14.86 lakh to the government in the form of evasion of the excise duty.