CBI Extradites Fugitive in ₹2.36 Crore 2002 Import-Export Fraud Case from USA

The Central Bureau of Investigation ( CBI ) has successfully secured the extradition of Ms. Monika Kapoor, a fugitive wanted in a major 2002 import-export fraud case, from the United States.

Kapoor, the proprietor of M/s Monika Overseas, had been absconding since the early 2000s while facing charges of cheating, forgery, and criminal conspiracy.

According to the CBI, Kapoor, with her brothers Rajan Khanna and Rajeev Khanna, forged crucial export documents including shipping bills, invoices, and bank certificates between 1998 and 2002.

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Using these forged documents, they fraudulently obtained six Replenishment Licenses for the duty-free import of gold worth ₹2.36 crore. The licenses were then sold at a premium to M/s Deep Exports, Ahmedabad, which misused them to import duty-free gold, causing a loss of approximately ₹1.44 crore to the Government exchequer.

Following the investigation, a charge sheet was filed in March 2004 against all three accused under multiple sections of the IPC, including criminal conspiracy and forgery.

The Saket District Court found Rajan Khanna and Rajeev Khanna guilty in December 2017, but Monika Kapoor avoided trial and was labeled a proclaimed offender by the court in February 2006.

She was also the subject of a Red Corner Notice and an open non-bailable warrant, and in October 2010, a formal extradition request was sent to the US authorities.

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