Forged Documents, Fake Photos & Rs.4 Crore Loan: CBI Arrests Key Accused in PNB Scam

Hellobanker Team

January 18, 2026

The Central Bureau of Investigation (CBI) has arrested Jitendra Kumar, a proclaimed offender in a major bank fraud case involving Punjab National Bank (PNB). The arrest was made on 15 January 2026, ending more than 12 years of absconding. Jitendra Kumar had been declared a Proclaimed Offender in June 2014.

Case Background

The CBI had registered the case on 11 July 2013 against Sanjiv Dixit, proprietor of M/s Shankar Metals; Sanjay Sharma, proprietor of M/s Super Machines; Indra Rani; and other unknown persons. The accused were charged with criminal conspiracy and cheating.

According to the investigation, the accused fraudulently obtained a cash credit loan of ₹4 crore from Punjab National Bank’s Jor Bagh Branch in New Delhi. The loan was sanctioned using bogus and forged property documents, and the funds were later diverted for purposes other than those approved by the bank.

Forged Documents and Identity Fraud

CBI’s investigation revealed serious irregularities in the loan documents. Although Sanjay Sharma was shown as the guarantor, the photograph of Jitendra Kumar was pasted in place of Sanjay Sharma on several loan papers.

Further, a forged sale deed of a plot in Ghaziabad, Uttar Pradesh, was submitted to PNB. While the documents showed Sanjay Sharma as the property owner, Jitendra Kumar’s photograph was used, indicating identity fraud.

Diversion of Loan Funds

The investigation also found that Jitendra Kumar owned a bank account of M/s Rajdhani Traders in Canara Bank, Karkardooma. This account was allegedly used to divert funds from the loan account of M/s Shankar Metals. CBI further revealed that Jitendra Kumar was an employee of Sanjiv Dixit, strengthening the link between the accused.

Legal Action and Arrest

A Non-Bailable Warrant (NBW) was issued against Jitendra Kumar on 12 December 2013 by a Delhi court. Later, on 21 June 2014, the court officially declared him a Proclaimed Offender.

Based on field verification, human intelligence inputs, and data analysis from government databases, the CBI tracked Jitendra Kumar’s location to Meerut. After careful planning and technical surveillance, the CBI conducted a meticulous operation and successfully arrested him on 15 January 2026.

Court Proceedings

Following his arrest, Jitendra Kumar was produced before the competent court, which granted three days of police custody for further investigation. The CBI has stated that the investigation is still in progress, and further action may follow based on additional findings.