Patna: The Central Bureau of Investigation (CBI) has arrested three men in Bihar for allegedly orchestrating a loan fraud worth Rs 43 crore, accusing them of posing as high-ranking officials from domestic and international agencies to deceive a Kerala resident seeking financial assistance.
Officials stated that the arrests were made at a hotel in Rajoun, Banka district, on Thursday evening, following a targeted operation based on intelligence inputs. The primary suspect, identified as Amit Kumar Singh — also known as Rakesh Kumar — was apprehended alongside two alleged associates, Syed Meraj and another unidentified accomplice. Singh is a resident of Naya Tola in Bhagalpur district.
According to investigators, the group allegedly contacted IV Sadanandan, a resident of Thiruvananthapuram, via email and offered to facilitate a sizeable loan, claiming to represent institutions including the Reserve Bank of India, the CBI and even British police authorities. The complainant was reportedly asked to pay upfront charges and eventually transferred Rs 3.46 lakh before realising the scam, officials said.
Court records show that Singh had been declared a fugitive by a Delhi court after repeatedly failing to appear in connection with a 2015 case registered in the capital. Police allege he frequently changed locations to evade arrest.
Local law enforcement assisted the CBI during the operation, as confirmed by Banka Superintendent of Police Upendra Nath Verma. The arrested men have been taken to Delhi for further questioning, officials added.
The investigation remains ongoing, including scrutiny of the suspects’ digital communications and possible links to wider financial fraud networks.
