In the wake of the multicrore Saradha Group scam, , the West Bengal government has launched a crackdown on other companies that were running collective investment schemes illegally with the city police arresting the directors of one such company late on Tuesday night.

 Two persons — Asit Saha and Bhabatosh Das — were arrested after two complaints were filed against a company they ran, Astha Infracon Pvt. Ltd. The complainants together deposited more than Rs. 6 lakh in a fake real-estate scheme of the company, police sources told The Hindu on Wednesday.

 The two were produced in a city court during the day and remanded to police custody until May 4, they added.

 Meanwhile, one person was arrested in the Barasat area in the State’s North 24 Parganas, for his alleged role in running a ponzi scheme for Sunheaven Agro India Ltd., the sources said.

 During the day Chief Minister Mamata Banerjee chaired an emergency meeting of senior officials and Ministers to take a stock of the developments and investigations into the scam involving Saradha Group.

 The government has been directed to file an affidavit in the Calcutta High Court regarding the progress of investigations on May 2. The Court is hearing a petition that since the names of senior Trinamool Congress leaders have been linked with the Saradha Group the investigations be handed over to the Central Bureau of Investigation.

  The Congress and the Communist Party of India (Marxist) have demanded a CBI probe into the scam..

 Meanwhile police sources said that after interrogating Saradha Group Chairman and Managing Director Sudipta Sen and others it had come to light that the first signs of an impending crisis was noticed in February this year.

 After some of the cheques issued by the company had bounced, agents had begun asking questions and in an important meeting, Mr. Sen had assured them that the minor financial problems would be resolved by April 16. However, he fled the city on April 10, the sources added.

 A former aide of the former Finance Minister Asim Dasgupta and former public relations officer of the State’s Housing Infrastructure Development Corporation when Gautam Deb was Housing Minister in the previous Left Front government were summoned for questioning by the police as part of the investigations into the scam.