CBI Brings Back Fugitive Monika Kapoor from US in Multi-Crore Fraud Case After 26 Years

In a major development, the CBI is extraditing Monika Kapoor from the United States. She is wanted in connection with a multi-crore fraud case and has been evading authorities for nearly three decades. Kapoor, who operated the firm ‘Monika Overseas,’ orchestrated a scheme with her brothers, Rajan and Rajeev Khanna, in 1998. They falsified documents to acquire six replenishment licenses, intended for duty-free gold valued at about Rs 2.36 crore. The licenses were subsequently sold to Deep Exports, causing the government an estimated loss of Rs 1.44 crore. The CBI filed a chargesheet against the siblings in 2004. Rajan and Rajeev were convicted in 2017, but Kapoor had fled India. She was declared a fugitive in 2006, and a red corner notice was issued in 2010. The CBI sought her extradition from the US in 2010. A CBI team, after working closely with US authorities, has now brought Kapoor back to India. She will be presented before the court for trial, demonstrating the CBI’s resolve to tackle economic offenses and pursue those who have left the country to escape justice.