The Central Bureau of Investigation (CBI) has arrested a proclaimed offender, Sameer Joshi, in a financial fraud case.
The case was originally registered on 13 August 2012 after a complaint from LIC, Lucknow. The complaint stated that the accused persons had misused LIC funds by preparing fake cheques. These cheques were used to make fraudulent claims in the names of non-existing policyholders.
The accused also manipulated account records to hide the fraud. The total fraud amount was about ₹6.37 crore, and it took place between February 2006 and August 2010 at LIC, Jankipuram, Lucknow.
After completing the investigation, the CBI filed a chargesheet on 21 August 2014 against 12 accused persons, including Sameer Joshi.
During the investigation, it was found that Sameer Joshi worked with other accused persons, including Pankaj Saxena, who was then a Higher Grade Assistant in LIC. They prepared fake LIC cheques in different names, including Sameer Joshi, his wife Anju Joshi, and Jitendra Kumar (an employee of Sameer Joshi).
These cheques, amounting to about ₹8.62 lakh, were encashed and the money was shared among the accused.
Sameer Joshi was earlier arrested during the investigation and later got bail. However, he jumped bail and went absconding. He was declared a proclaimed offender on 24 December 2025.
Based on fresh information, the CBI located him at a metro station in Lucknow on 31 March 2026. He was arrested and produced before the court on the same day. The court has sent him to judicial custody.
