New Delhi. The Central Bureau of Investigation has coordinated the extradition of two fugitives from the United Arab Emirates, including a key accused in a ₹2,672 crore bank fraud case linked to Shree Ganesh Jewellery House (India) Ltd. One accused, Kamlesh Parekh, was brought back to India on May 1 and taken into CBI custody, while another fugitive wanted by Haryana Police in a passport fraud case was also extradited and detained.
Jewellery Firm Fraud Linked to SBI-Led Consortium
Kamlesh Parekh was wanted in connection with a large-scale banking fraud involving the Kolkata-based jewellery firm. As a promoter of the company, he is accused of involvement in a fraud that allegedly caused losses to a consortium of 25 banks led by the State Bank of India.
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According to investigative agencies, Parekh and other promoters and directors allegedly diverted bank funds through overseas entities and commercial operations. UAE-based financial channels were reportedly used to route and conceal transactions through layered structures.
Interpol Red Notice Led to Detention in UAE
The CBI stated that Parekh was involved in managing export-related operations and financial transactions of the company and its associated entities abroad. These operations allegedly included manipulation of financial records, misuse of banking channels and submission of fraudulent documentation to facilitate fund diversion.
The case was registered in 2016, and a chargesheet was filed in December 2022. Parekh had been absconding for several years, after which a non-bailable warrant was issued in 2019. Interpol issued a Red Notice against him in 2024, leading UAE authorities to locate and detain him before his extradition to India.
Second Fugitive Held in Passport Fraud Case
In a parallel development, Aalok Kumar alias Yashpal Singh, wanted in a separate case by Haryana Police, was also extradited from the UAE. He is accused of running a racket involving the procurement of Indian passports using forged documents and false identities.
According to the CBI, he was part of an organised network that helped individuals obtain passports through fabricated identity proofs and manipulated address records. After being traced through Interpol channels, he was detained in the UAE and later extradited to India. He arrived in Mumbai on May 1, 2026, where Haryana Police took him into custody.
Authorities are continuing investigations in both cases to identify additional individuals involved and determine the full extent of financial flows and documentation fraud routed through foreign jurisdictions.
