Ess Dee chairman Sudip Dutta arrested

Ess Dee has been undergoing financial stress for a while now

Ess Dee Aluminium chairman Sudip Dutta has been arrested by Bengal Police for alleged provident fund default. He is currently in police custody.  

The alleged provident fund dues of Rs 42 lakh, which the company claims to have paid is of the employees of the Kamarhati unit. Dutta was arrested on Wednesday.

The Kamarhati unit was a part of the India Foils acquisition that Dutta made in 2009 from the Vedanta group to become the largest foil maker in the country. 

In a letter to the state finance minister in June, Dutta highlighted the problems facing the Kamarhati unit