Archive · 25 Jun 2025
Delhi HC Orders Banks to Transfer ₹65.9 Cr to Canada in Fraud Case
A man named Sanjay Madan, who used to work for the Canadian government, was found guilty of stealing money.
He took money from his job and put it in his bank accounts.
Now, the Delhi High Court has told two Indian banks to give ₹65.9 crore from Madan's accounts to the Canadian government.
Madan had been sentenced to prison in Canada and agreed to pay back the money he stole.
Delhi High Court ordered two banks to remit ₹65.9 crore to the Government of Canada.
The funds are from accounts of Sanjay Madan, a former Canadian bureaucrat convicted of fraud.
Madan pleaded guilty to multiple fraud charges in Canada and was sentenced to 10 years.
The case involves embezzlement from the Ministry of Education, Government of Canada.
Madan exploited his position to divert funds and manipulate the selection of IT consultants.
- Who
- Sanjay Madan, a former Canadian bureaucrat convicted of fraud, and the Government of Canada are involved.
- What
- Delhi High Court ordered two banks to remit ₹65.9 crore to the Canadian government from accounts of Sanjay Madan.
- When
- The Delhi High Court issued the order on June 23.
- Where
- The case is being handled by the Delhi High Court.
- Why
- The Government of Canada sought recovery of funds embezzled by Madan.
- Defendant
- Sanjay Madan
- Amount to be remitted
- ₹65.9 crore
- Banks Involved
- IndusInd Bank, RBL Bank
- Country of Origin
- Canada
- Court
- Delhi High Court
- Charges
- Fraud, breach of trust, money laundering
- Sentence
- 10 years
