A CBI spokesperson said here that the accused, Imtiyaz Hussain Saiyed Mohammed, was declared absconder by a court in 2012 and he was charged with "cheating" the bank to the tune of Rs 16.82 lakh in 1994.
Imtiyaz cheated the bank by allegedly getting two bank drafts issued in his name and subsequently generating 20 drafts.
A chargesheet was filed by the CBI in 1995 against the accused, the spokesperson said, adding he fled during the last stage of trial at a court in Ahmadabad.
The arrested accused have been identified as K N Shrikanth and A K Bhagya Rekha. They were absconding for over an year, the spokesperson said.