LUCKNOW, May 14 -- In a breakthrough in an alleged multi-crore bank fraud, the Central Bureau of Investigation (CBI) has arrested two private persons accused of creating fraudulent fixed deposits worth Rs.64.82 crore by operating under the guise of the Uttar Pradesh Forest Corporation (UPFC), officials said on Thursday.

The accused, identified as Deepak Sanjeev Suvarna and Deepak Yadava, were produced before the court of the Special Judge, anti-corruption (West), Lucknow, which remanded them to police custody till May 16.

According to the CBI, the case was registered on January 15, 2026, following a written complaint by Bank of India. The agency alleged that the accused, in conspiracy with unknown public servants and others, fraudulentl...