New Delhi: The Central Bureau of Investigation (CBI) has brought back fugitive accused Kamlesh Parekh from the United Arab Emirates (UAE) as part of its ongoing “Operation Global Hunt”. Parekh was extradited from UAE in coordination with the Ministry of External Affairs (MEA) and the Ministry of Home Affairs (MHA).
He is accused in a bank fraud case involving alleged losses of several hundred crore rupees to a consortium of banks led by the State Bank of India.
Allegations against Parekh
According to investigators, he, along with other directors and promoters, is alleged to have diverted loan funds through overseas entities and carried out fraudulent transactions, including misuse of export-related processes.
The agency had earlier secured an Interpol Red Notice against Parekh, following which his location was traced in the UAE. He was detained by local authorities there on India’s request.
Arrested upon arrival by CBI
After completion of legal formalities, Parekh was brought to India on May 1, 2026, and was arrested upon arrival in Delhi by the CBI’s Banking Security and Fraud Branch.
Officials said the operation is part of a broader effort to track and repatriate economic offenders with the help of international agencies. Due to coordinated efforts of MEA, MHA and various law enforcement authorities, more than 150 wanted criminals have been successfully brought back to India in the last few years through coordination via Interpol channels.