Three eloping accused Gaurav Sagar Gupta , Vaibhav Gupta and Usha Gupta by the Central Bureau of Investigation (CBI) in Bank fraud cases. The arrested accused were produced before the Court of Special Judge, CBI, Cases, Lucknow and remanded in Judicial Custody.
A case was registered by CBI on 13 of December 2007 against the three arrested accused and 12 other accused including officials of Union Bank of India, Sachivalaya Branch and Central Bank of India, Nakkhas Branch, Lucknow. It was alleged that the accused entered into a fraud with themselves and others in sanctioning and paying housing loans and CCH limits against fabricated and bogus documents.
An alleged loss to Union Bank of India for approximately Rs 201.59 lakh and Central Bank of India for approximately Rs. 49.40 lakh was caused. It was further alleged that 8 Housing Loans were sanctioned from Union Bank of India, Sachlvalaya Branch, Lucknow, 3 housing loans from Central Bank of India, Nakkhas Branch, Lucknow and 6 CCH limit/term Loan from Union Bank of India, Sachivalaya Branch, Lucknow towards the purchase of semi built flats but the accused deflected the loan amount.
It was further alleged that these housing loans were collected by the accused on the strength of fake lTRs, bills of non-existing firms, etc. and falsely showing the completion of work.
After investigation, on April 30, 2010, a charge sheet was filed in the Court of Special Judge, CBI cases, Lucknow against 15 accused including officials of Union Bank of India, Central Bank of India, and private persons.
The said three accused were eluding their presence before the Trial Court at Lucknow since the filing of the charge sheet against them on April 30, 2010. The trial court declared them Proclaimed Offenders and issued NBW against them. In compliance with non-bailable warrants dated October 14, 2019, all the three accused were arrested from Pune and Mumbai.