Economic offender Narendra Rastogi extradited from US
Economic offender Narendra Kumar Rastogi was extradited on Friday the United States to face charges in a custom duty evasion case to the tune of Rs 54 crore for exporting scrap to various countries.
By PTI |
NEW DELHI: Economic offender Narendra Kumar Rastogi was extradited on Friday the United States to face charges in a custom duty evasion case to the tune of Rs 54 crore for exporting scrap to various countries.
Rastogi was handed over to a two-member CBI team led by a Deputy Superintendent of Police at New York after which he was brought to India to be produced before a designated court in Mumbai tomorrow, official sources said.
The CBI, which had launched a hot pursuit for 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 completed in June this year.
The US authorities had kept him in preventive custody and informed their Indian counterparts to send a team for his extradition.
He is required to undergo trial in 13 CBI cases ( seven charge-sheets) spread over different courts in Delhi and Mumbai.
The FBI had arrested Rastogi and three others in May 2002 for defrauding banks around the world of an estimated $600 million by obtaining finance for Sham transactions and then pledging them as collaterals for loans.
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.
Rastogi was handed over to a two-member CBI team led by a Deputy Superintendent of Police at New York after which he was brought to India to be produced before a designated court in Mumbai tomorrow, official sources said.
The CBI, which had launched a hot pursuit for 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 completed in June this year.
The US authorities had kept him in preventive custody and informed their Indian counterparts to send a team for his extradition.
He is required to undergo trial in 13 CBI cases ( seven charge-sheets) spread over different courts in Delhi and Mumbai.
The FBI had arrested Rastogi and three others in May 2002 for defrauding banks around the world of an estimated $600 million by obtaining finance for Sham transactions and then pledging them as collaterals for loans.
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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.
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