Breaking News: Delhi Police Uncover Rs 136.40 Crore Fraud, Arrest Proclaimed Offender
In a significant development, the Delhi Police’s Economic Offences Wing (EOW) has arrested a proclaimed offender in connection with a massive fraud involving forged bank guarantees worth Rs 136.40 crore. The accused, Shiv Sankar Das, was apprehended from Patna, Bihar, on July 27 and has since been brought to Delhi on police transit remand.
The Case Unfolds: A Web of Deception
The case dates back to a tender floated by the Solar Energy Corporation of India (SECI), a public sector undertaking under the Ministry of New and Renewable Energy. Reliance NU BESS Limited, a subsidiary of Reliance Power Limited, had submitted two forged bank guarantees of Rs 68.20 crore each during the tender process. The SECI lodged a complaint with the Delhi Police, alleging that the company had engaged in fraudulent activities.
A Long-Drawn-Out Investigation
The Delhi Police’s EOW registered an FIR in June 2025, marking the beginning of a thorough investigation. The police team worked tirelessly to track down the accused, who had evaded arrest for months. The arrest of Shiv Sankar Das is a significant breakthrough in the case, and the police are now working to unravel the entire web of deception.
The Accused: A Proclaimed Offender
Shiv Sankar Das, the accused, has been a proclaimed offender for quite some time. His arrest has brought a sense of relief to the authorities, who had been searching for him for months. The police have stated that he is currently in judicial custody, and further investigation is underway.
The Impact of the Fraud
The alleged fraud involves forged bank guarantees worth Rs 136.40 crore, which is a staggering amount. The SECI had floated the tender with the intention of promoting renewable energy, and the accused’s actions have compromised the integrity of the process. The Delhi Police’s EOW is working closely with the SECI to ensure that the accused is brought to justice and that the company is compensated for the losses incurred.
A Commitment to Transparency and Accountability
The Delhi Police’s EOW has demonstrated its commitment to transparency and accountability in this case. The arrest of Shiv Sankar Das is a testament to the police’s dedication to upholding the law and protecting the interests of the public. As the investigation continues, the police will work tirelessly to ensure that justice is served and that those responsible for the fraud are held accountable.
A Significant Development in the World of Corporate Crime
The arrest of Shiv Sankar Das is a significant development in the world of corporate crime. It highlights the need for vigilance and accountability in the business world, where companies often engage in fraudulent activities to gain an advantage. The Delhi Police’s EOW has set a precedent by taking swift action against the accused, and this case will serve as a warning to others who engage in similar activities.
Conclusion
The Delhi Police’s EOW has made a significant breakthrough in the case of the Rs 136.40 crore fraud. The arrest of Shiv Sankar Das is a major victory for the authorities, and the investigation will continue to unravel the entire web of deception. As the case unfolds, it will be interesting to see how the accused is brought to justice and how the SECI is compensated for the losses incurred.