Another senior executive of the scam-tainted Saradha Group charged with cheating and money laundering was arrested from the outskirts of the city on Sunday. 

He was produced at a court in Baruipur in the State’s South 24 Parganas district and was remanded in police custody till June 15. 

The police had issued a look-out notice against Arindam Das, who looked after the company’s affairs in the region and was responsible for mobilising deposits under the collective investment schemes of the company.  

“Arindam Das, wanted in connection with cheating and money laundering, was arrested while trying to escape from the district,” Kankar Prasad Barui, Additional Superintendent of Police (Rural), South 24 Parganas district, said. 

The former Saradha official is also charged with a case of abetment to suicide lodged by the family members of an investor who had killed himself in the Baruipur police station area.  

Saradha Group’s chairman and managing director Sudipta Sen had allegedly told the police during interrogation that Mr. Das ‘siphoned off’ money from the company and issued fake deposit certificates. Mr. Sen, along with two senior officials of the company, Debjani Mukherjee and Arvind Kumar Chauhan, was arrested from Sonmarg in Jammu and Kashmir on April 23.