US to hand over two economic offenders to India

The US authorities will hand over to CBI two persons who had allegedly cheated State Bank of India'a Andhra Pradesh branch of Rs 11.79 crore.
       
Gunaranjan Suri and Prem Kumar Suri were detained by the US authorities earlier last month on the basis of Interpol's Red Corner Notice issued at the request of the CBI.
 
A team led by CBI's Superintendent of Police is in New York where the two accused would be handed over to it tomorrow, official sources said here today.
 
CBI had registered a case against the duo for allegedly defrauding SBI which sanctioned undeserving facilities like term loan credit to the accused, resulting in a loss of Rs 11.79 crore to the bank in 1996.
 
The duo had approached the Supreme Cousrt here seeking a stay on the execution of non-bailable warrant but their plea was turned down by the apex court after the CBI informed that its team had left for New York and any stay would be an embarrassment to both the governments.