US EditionAccused, Absconding for Nearly Two Decades in ₹8 Crore Bank Fraud Case, Arrested
INDORE DIVISION, MADHYA PRADESH, JUL 17 – Mani M Sekhar, arrested after nearly 20 years, faces trial for Rs 8 crore bank fraud; CBI used AI-based image search with over 90% accuracy to identify her.
- On July 12, the Central Bureau of Investigation apprehended Mani M. Sekhar in Indore; she held a directorial position at Indo Marks and BTC Home Products and is linked to a ₹8 crore bank fraud case.
- The case began between 2002 and 2005 when Mani and her husband Ramanujam Muthuramalingam Sekhar misused non-fund-based limits at SBI Bengaluru, leading to CBI charges in 2007 and their proclaimed offender declaration in 2009.
- The accused couple managed to avoid detection by discarding all original identifiers such as names, contacts, PAN, and KYC details, and resettled in Indore using fabricated identities as Mr and Mrs Krishna Kumar Gupta.
- The CBI used advanced AI-based image search technology with over 90% accuracy to trace their digital footprints, confirmed by field verification, which led to Mani's arrest and court custody on July 12.
- Ramanujam died in 2008, and Mani now faces trial after nearly two decades of absconding, while the case underscores the growing role of AI in solving long-pending financial fraud investigations.
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AI image search helps CBI arrest woman on the run for 18 years in Rs 8-crore bank fraud case in Bengaluru
In 2009, a Bengaluru court declared Mani M Sekhar and her husband Ramanujam Muthuramalingam Sekhar proclaimed offenders after they failed to appear before the court despite summonses.
·India
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CBI Nabs Fugitive Woman from Indore After Nearly Two Decades of Chase
Get latest articles and stories on India at LatestLY. After a long manhunt of nearly two decades, the CBI has arrested wanted proclaimed offender Mani M. Sekhar in a Rs 8 crore bank fraud case from Indore where she was living under an assumed identity, officials said Thursday. India News | CBI Nabs Fugitive Woman from Indore After Nearly Two Decades of Chase.
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