Dehradun: More than 47 years on the run after being implicated in a bank fraud case involving Rs 5.7 lakh, CBI has arrested a 75-year-old man for allegedly cheating a public sector bank in collusion with the branch manager and another individual. Satish Kumar Anand, 75, was arrested from Sector 8 in Rohini, East Delhi, on Tuesday. Officials said he was taken to Dehradun to be produced before the Special CBI Judge on Wednesday.In 1977, Anand allegedly conspired with the Bank of India manager to fraudulently sanction a loan to a private company with forged consignment dispatch receipts, causing a loss of Rs 5.7 lakh to the bank. On May 5, 1978, the CBI charged three individuals — including the then Bank of India branch manager, Satish Kumar Anand, and another accused, Ashok Kumar — with criminal conspiracy and cheating.Subsequently, the CBI filed a chargesheet at a special court in Dehradun. In 1985, the court convicted Anand and Ashok Kumar, sentencing them to five years of rigorous imprisonment and a fine of Rs 15,000 each. The bank manager, though, was acquitted.However, Anand absconded soon after the verdict. To evade arrest, he frequently changed accommodations across Delhi and was living in a rented flat at the time of his arrest. In 2009, the CBI court declared him a proclaimed offender.