Daijiworld Media Network - New Delhi

New Delhi, Nov 14: The Central Bureau of Investigation (CBI) has arrested Singapore-based businessman Rajesh Bothra in connection with a Rs 31.60 crore bank fraud case linked to Punjab National Bank (PNB), the agency announced on Friday.

Bothra was taken into custody on Thursday after the CBI received credible intelligence regarding his arrival in India. Investigators traced him to Hotel Andaz and Hyatt Residences in Aerocity, New Delhi.

The case, registered last year under RC0062024A0032 following a complaint by PNB, involves alleged fraudulent activities by M/s Frost Infrastructure and Energy Pvt. Ltd. (FIEL), its directors, several unidentified individuals, and unnamed public servants. The company had reportedly availed a Foreign Letter of Credit

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