A Barrackpore court in North 24-Parganas district passed the order when the industrialist was produced in the court this afternoon.
Submitting that it required sufficient time to question the industrialist, the CID had appealed for a full-term custody, which was granted by the court.
Ruia, arrested by the CID from his New Delhi residence yesterday, was booked under IPC sections 420 (cheating), 406 (Punishment for criminal breach of trust) and 409 (criminal breach of trust by public servant).
The railways had filed an FIR with the Dum Dum police station after an inspection team found several equipment and coaches worth Rs 50 crore missing from the Jessop factory at Dum Dum where a fire had broken out on October 17.
The Ruia Group chairman was summoned by the CID four times in the past in connection with its probe into the theft and fires at the Jessop factory, but each time he had failed to appear.
Ruia had moved the Calcutta High Court, which refused to stay proceedings against him in connection with the case filed by the CID following the fire and directed him to cooperate in the investigation.
Ruia had moved the high court seeking quashing of the case filed against him by CID, claiming he is not the chairman of Jessop and he is neither the director nor a shareholder, or an occupier of Jessop and Co Ltd or any of its premises.
Former workers of the factory had alleged that the fire was part of a "conspiracy by a third party" following which the West Bengal government ordered a CID probe into the incident.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
