The CBI yesterday arrested the promoter of a telecom company in connection with a Rs 126-crore bank loan scam case. Sunil Kakkad, the promoter of Click Telecom, was arrested in Mumbai for allegedly cheating a consortium of State Bank of India, Canara Bank and Vijaya Bank to the tune of Rs 126 crore, CBI sources said.

The agency had registered the case against Kakkad in 2015. The telecom company had allegedly been sanctioned several credit facilities, including cash credit, term loan and non-fund based limits (LCs), to the tune of Rs 126 crore, CBI spokesperson RK Gaur said in Delhi.