The Central Bureau of Investigation (CBI) has arrested two accused in connection with a ₹2,700 crore fraud case following their extradition from the United Arab Emirates.
The accused, Kamlesh Parekh and Aalok Parekh, were brought back to India through coordinated efforts involving the Ministry of External Affairs (MEA) and the Ministry of Home Affairs (MHA).
Red Notice accused tracked abroad
Both individuals were subjects of Interpol Red Notices, indicating that they were wanted for serious financial offences and had fled the country to evade investigation. Officials said the successful extradition marks a significant step in pursuing economic offenders hiding overseas.
Multi-agency coordination ensured return
The operation involved close collaboration between Indian authorities and officials in the UAE. Diplomatic channels and legal procedures were used to secure their return, highlighting the growing effectiveness of international cooperation in tackling financial crimes.
₹2,700 crore fraud under probe
The case pertains to an alleged large-scale financial fraud amounting to ₹2,700 crore. While detailed charges are still under investigation, sources indicate that the accused were involved in fraudulent transactions causing significant losses.
Crackdown on economic offenders
The arrests underscore the government’s continued focus on bringing back fugitive economic offenders and ensuring accountability. Agencies have intensified efforts to trace, extradite, and prosecute individuals involved in high-value financial crimes.
Further investigation is underway, and officials are expected to examine financial trails and possible links to other entities involved in the fraud