CBI Apprehends Proclaimed Offender in ₹4 Crore Punjab National Bank Fraud Case

NEW DELHI, January 17, 2026 — The Central Bureau of Investigation (CBI) has successfully arrested Jitendra Kumar, a Proclaimed Offender (PO) involved in a significant bank fraud case, after he had been absconding for over a decade.

Kumar, who was declared a Proclaimed Offender on June 21, 2014, was apprehended on January 15, 2026, in Meerut following a meticulous operation supported by technical analysis, human intelligence, and database verification. The case dates back to July 11, 2013, when the CBI registered a complaint against Sanjiv Dixit, Sanjay Sharma, Indra Rani, and others for allegedly conspiring to fraudulently obtain a Cash Credit facility of ₹4 crore from the Punjab National Bank’s Jor Bagh branch in New Delhi.

The investigation revealed a complex web of deception where Jitendra Kumar, an employee of Sanjiv Dixit, impersonated the guarantor, Sanjay Sharma. Kumar’s photograph was used on loan documents under Sharma’s name, and he also posed as the owner of a property in Ghaziabad via a forged sale deed. Furthermore, Kumar operated a bank account for “M/s Rajdhani Traders” at Canara Bank, Karkardooma, which was used to divert funds from the sanctioned loan.

Following his arrest, the accused was produced before a competent court and has been remanded to police custody for three days as further investigation continues.