Diwakar Gupta had been absconding since registration of a case in 1996 and was arrested by the CBI Enforcement Offences Wing, an official release said.
The case refers to a fraud committed in Bank of India causing loss of Rs 87.65 lakh, by allegedly stealing Demand Drafts issued by forging signatures of bank officials in favour of city-based firm KS Computers.
The proprietor of KS Computers, Selvam subsequently encashed the money.
Four persons had already been arrested in this connection and a look out notice was issued to arrest Gupta, it said.
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