Home / Current Affairs / Rs 180 crore JNPT scam: CBI arrests wanted accused from Gujarat

Rs 180 crore JNPT scam: CBI arrests wanted accused from Gujarat

The CBI has arrested a wanted economic offender from Gujarat for his alleged involvement in forging letters on behalf of Jawaharlal Nehru Port Trust (JNPT) and making surreptitious transfer of crores of rupees from Oriental Bank of Commerce.

The CBI, which was on trail of Rajesh Natwarlal Bangawala, arrested him from Rajkot in Gujarat on Saturday night, the agency said today. A cash reward of Rs 100,000 was announced for information leading to his arrest and CBI had circulated his pictures in various national dailies.

Bangawala (42) was wanted by the CBI in connection with a case filed after the JNPT registered a complaint with the agency earlier this year that somebody had surreptitiously transferred Rs 180 crore from two branches of Oriental Bank of Commerce (OBC). After registering the case under various provisions of IPC and POCA, the CBI started investigation and secured a court order for reversal of JNPT funds.

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