Man Wanted for FD Fraud Held After Three Years

A man, wanted in a case related to defrauding the Noida authority in 2023 in a fixed deposit scam, was arrested on Friday from Delhi by the Noida crime branch, and the Sector-58 police, officers said on Saturday, adding that the arrest has pushed the tally of arrests in the case to 10.

- Maria Khan

NOIDA:

Police identified the accused as Varun Kumar Tyagi who was absconding since the case came to light in July, 2023. He carried a reward of ₹25,000 for his arrest. He was allegedly the key facilitator in the fraudulent account setup, fund diversion, and document forgery, said officers.

Deputy commissioner of police (Central Noida) Shakti Mohan Awasthi said, "The arrest of Varun Tyagi marks a significant breakthrough in our ongoing investigation into the fraudulent fixed deposit case involving Noida authority. Our teams worked in coordination to trace and apprehend the accused from Delhi."