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CBI takes custody of economic offender Monika Kapoor in the USA - The Economic Times

Published 3 days ago1 minute read
CBI takes custody of economic offender Monika Kapoor in the USA
By PTI

Monika Kapoor's long evasion from the law concludes as CBI brings her back from the USA. She is accused of economic offenses. Kapoor allegedly forged documents for her jewellery business with her brothers. This led to a loss of over USD 679000 to the Indian government. India requested her extradition in 2010, leading to her return now.

of 1998 (FARRA).

Kapoor went to the USA in 1999 after the alleged fraud where she along with her two brothers forged documents for jewellery business. These documents were allegedly used to obtain licenses from the Indian government to import raw materials duty free.

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The alleged fraud caused a loss of more than USD 679000 to Indian exchequer.India had approached the USA seeking Kapoor's extradition in October, 2010 pursuant to the Treaty on Extradition between the two countries, the officials said.

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