The Central Bureau of Investigation on Saturday arrested Shib Narayan Das, in connection with the Saradha scam, from Howrah district.
Mr. Das is the founder-member of Saradha Realty and he convinced Sudipto Sen, the arrested chairman of the Saradha group, to launch his Ponzi schemes.
A CBI official told The Hindu that a notice was served on Mr. Das at his residence earlier but he was on the run.
“When Mr. Das was arrested, he was also carrying an imported 0.38 fully loaded revolver along with ammunition which were also seized under due procedure,” a CBI official said.
In another development, the agency conducted searches at different locations of a West Bengal-based company, Win Realcon, which collects deposits from people.
A complaint was lodged against Win Realcon in November 2014. A CBI official said the office and residence of the company officials in different parts of North 24 Parganas district were searched.
Other than the deposit-seeking companies of the Saradha Group, cases have been registered against at least half a dozen non-Saradha companies by the CBI.
Cases were registered against MDs and directors of Angel Group of Companies, PAFL Industries Ltd., Royal International Trading, Win Realcon Ltd. and ASSDA Agro Projects Ltd. in November 2014.
In September, FIRs were lodged against two more non-Saradha companies MPS Greenery Developers Ltd and Akash Deep Projects Ltd. These cases were registered as per the Supreme Court order dated May 9, 2014 where the apex court directed the CBI to probe the operations of chit fund companies.
