Rs 66 crore fraud with fake documents, accused arrested after 21 years - fraudulent loan case accused arrested after 21 years

Updated: Fri, 17 Oct 2025 03:17 (IST) Lucknow Police has arrested an accused named Sunil Kumar Bhatia from Delhi in a Rs 66 crore fraud case. Bhatia is accused of taking out a loan based on fake documents and then cheating to repay it. The case was registered in 2004, and the EOW is now looking for other accused. Jagran Correspondent, Lucknow. Delhi resident Sunil Kumar Bhatia, who embezzled Rs 66 crore from Lucknow State Industrial and Investment Corporation Limited by submitting fake documents, was arrested by the Economic Offenses Investigation Organization (EOW) team on Thursday after 21 years. He was caught from his residence in Ashok Vihar, Delhi. A report was registered against him in Gomtinagar police station in 2004. Remove Advertisement Read Only News According to EOW official the registered office of M/s Ruhilkhand Agro Private Limited is in Paiwalan, Chawri Bazar Delhi. The promoters, directors and sponsors applied for a loan to establish the company in 1993 on the basis of false documents. State Industrial and Investment Corporation Limited, Uttar Pradesh Lucknow has passed a loan of Rs 66 crore. The accused did not deposit any installment after taking the loan. Even the company was operated only on paper. The investigation revealed fraud. Following this, a report of forgery was registered against the accused in the Gomtinagar police station in 2004. The government has handed over the investigation of the case to EOW. Three defendants were found guilty in the investigation. The EOW team made continuous efforts to arrest the accused who was found guilty. On Thursday, the team arrested the accused Sunil Kumar Bhatia from his residence in Ashok Vihar Delhi. Other accused in this case are being searched.