New Delhi, Nov 14 (PTI) The CBI has arrested a Singapore-based man from a hotel near Delhi’s Indira Gandhi International Airport in connection with a Rs 32-crore bank fraud, officials said on Friday.

The man, identified as Rajesh Bothra, was traced and picked up by the agency following a tip-off about his arrival in Delhi.

The fraud case stems from a complaint by the Punjab National Bank (PNB), which alleged that Rs 31.60 crore were swindled by Frost Infrastructure and Energy Pvt Ltd (FIEL), its directors, unidentified public servants, among others, according to a Central Bureau of Investigation (CBI) statement.

The agency said the FIEL siphoned off Letter of Credit (LC) proceeds by submitting forged bills of lading, fraudulently depicting trade between the FIEL and two firms — FAREAST

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