Bengaluru, February 5: The Central Bureau of Investigation (CBI) has achieved a significant breakthrough by arresting a long-time fugitive. On Thursday, the CBI apprehended Krishnamurthy Raghunath in Bengaluru, who had been evading law enforcement for over 20 years in connection with three bank fraud cases in Kolkata.
Raghunath has been accused of evading legal action since 2005, frequently changing his location to avoid capture. At the time of the fraud, he served as the branch manager at the Barabazar branch of the Indian Overseas Bank (formerly known as the Bank of India). According to the CBI’s investigation, Raghunath conspired with others to commit criminal acts. They opened false current accounts under fictitious firm names and embezzled bank funds, resulting in a loss of approximately ₹38.25 lakh. Charges of bank fraud, criminal breach of trust, and conspiracy have already been filed against him.
Raghunath had been on the run since 2005, skillfully evading investigative agencies by constantly relocating. The CBI arrested him in a week-long special operation based on human intelligence and technical inputs. This operation spanned various locations in West Bengal, Maharashtra, and Karnataka. Following his arrest, Raghunath was presented in a local court in Bengaluru, where he was granted transit remand to be brought back to Kolkata. He is scheduled to appear before a competent court in Kolkata on February 6, 2026.
According to the CBI, this arrest marks a crucial step in curbing longstanding fraud cases in the banking sector. The agency emphasized that efforts to apprehend fugitives will continue, asserting that no one can evade the law indefinitely. The search for other individuals involved in this case is also ongoing.
This incident underscores the ongoing need for transparency and accountability in the banking sector. Despite the case being over 18 years old, the CBI’s persistent monitoring and use of technical intelligence have led to this success.
My name is Narendra Jijhontiya. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including TECHNOLOGY, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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