The Central Bureau of Investigation (CBI) is in the process of extraditing Monika Kapoor from the United States, marking a significant breakthrough in a multi-crore fraud case. Kapoor, an Indian national, has been a fugitive for approximately 26 years. Kapoor, the owner of ‘Monika Overseas,’ conspired with her brothers, Rajan and Rajeev Khanna, in 1998. They fabricated shipping bills, invoices, and bank documents to fraudulently obtain six replenishment licenses. These licenses, meant for duty-free gold, were worth around Rs 2.36 crore. The licenses were later sold to Deep Exports, resulting in a financial loss of about Rs 1.44 crore for the government. A chargesheet was filed against Kapoor and her brothers on March 31, 2004. While Rajan and Rajeev were convicted in 2017, Kapoor had already left the country. She was declared a fugitive in 2006, with a red corner notice issued in 2010. The CBI had sought her extradition from the US in the same year. After persistent efforts in collaboration with US agencies, a CBI team brought Kapoor back to India. She will now face trial, and the CBI has reiterated its commitment to combating economic crimes, ensuring all those who have fled the country are brought to justice.
