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The Central Bureau of Investigation (CBI) on Tuesday arrested an absconding accused in an on-going investigation of a case relating to demonetised currency notes deposit.
During investigation, a Look Out Circular (LOC) was issued against the said accused. He was then spotted at Ahmedabad International Airport when he was returning from USA and was later arrested.
The accused proprietor of Ahmedabad based private company allegedly deposited Specified Bank Notes amounting to Rs.1.49 crore (approx) in the current account of said company at St. Xavier's High School Road branch of UCO Bank, during the demonetisation period.
The deed was executed in conspiracy with the then Manager and Assistant Branch Head of the UCO Bank branch, and other unknown persons.
The said accused was absconding since April 7, 2017, when the case was registered.
The arrested accused will be produced tomorrow in the jurisdictional CBI Special Court.
