unday, June 08, 2008
India set to bring back 3rd Rastogi brother
New Delhi: India is all set to send a team to the US to get extradited Narendra Rastogi, who along with his brothers including influential London-based businessman Virendra, has been accused by the CBI of defrauding the exchequer to the tune of Rs 43 crore while exporting scrap to CIS countries.
The CBI, which had launched a hot pursuit of the four Rastogi brothers -- Virendra, Narendra, Ravindra and Subash -- since early 2000, will now bring back the third brother to India as his sentence in the US was near completion. The American authorities have asked their Indian counterparts to send a team for his extradition.
The FBI had arrested Rastogi and three others in May 2002 for defrauding banks around the world of an estimated 600 million dollar by obtaining finance for sham transactions and then pledging them as collaterals for loans.
The US Federal agency had also sent a request to the Central Bureau of Investigation to give details about the frauds committed by him in India before he fled to the US.
When he was about to be extradited to India, the accused pleaded guilty before a New Jersey court which sentenced him to imprisonment till June 2008.
The CBI team led by the then Joint Director Neeraj Kumar, at present Special Commissioner in Delhi Police, had conducted a painstaking investigation into the case and collected evidence before chargesheeting them in the case. The CBI had then also managed to arrest Subash Rastogi and get extradited another brother Ravindra from Dubai.
© Copyright 2008 PTI. All rights reserved.
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