comScore After 20 Years On The Run, Fugitive Banker in Indian Custody

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Vibes Of India
Vibes Of India

After 20 Years On The Run, Fugitive Banker In Indian Custody

| Updated: January 30, 2025 20:00

Fugitive banker Virendrabhai Patel, accused of orchestrating a Rs 77 crore fraud, was extradited to India after more than two decades on the run. He arrived at Sardar Vallabhbhai Patel International Airport (SVPIA) on Wednesday, where he was immediately taken into custody by authorities.

Patel, the former director of Charotar Nagrik Sahakari Bank in Anand, is alleged to have committed financial fraud in 2002 along with his associates. 

He was charged with criminal breach of trust, forgery, and conspiracy before fleeing the country. In 2004, the Central Bureau of Investigation (CBI) secured an INTERPOL Red Notice against him. Despite international efforts, he evaded arrest in the United States for nearly 20 years.

His extradition was the result of coordinated efforts by the CBI, Gujarat Police, and immigration officials.

“This successful extradition underscores India’s commitment to bringing economic offenders to justice,” a senior CBI official said.

Authorities have intensified efforts in recent years to track down financial fugitives globally. Since 2021, INTERPOL coordination has led to the return of over 100 fugitives to India. 

Law enforcement officials reiterated that economic offenders cannot escape justice by crossing borders. 

“This case demonstrates that no place is beyond the reach of the law,” an official from the Ministry of Home Affairs told a section of the media. 

Patel is expected to face trial in India, where legal proceedings will continue.

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