Managing director of ICore E Services Anukul Maiti was today arrested for his alleged involvement in a case of fraud of over Rs six lakh, a top CID official said here.
He was arrested by CID officials and Maiti was produced in the Barrackpore Court, which remanded him to 11 days' police custody.
Maiti, the MD of ICore E Services, a chit fund company, has been accused of collecting funds to the tune of over Rs 3,000 crore, Dilip Kumar Adak, DIG, CID, (Operations), said.
A complaint of cheating of over Rs six lakh was lodged against Maiti last June on the basis of which a case was initiated against him, Adak told reporters.
Maiti, who has been absconding for quite sometime, was arrested from a relative's house in the southern part of the city this morning where he was hiding, he said.
"We have found out that Anukul Maiti was managing director of 15 companies which were not registered with the Sebi. Four more companies were also unearthed during our investigation," he stated.
"We are yet to ascertain the total amount of money Maiti has collected, but it could be over several thousand crores. Not only Maiti but there are several others involved in the matter... We are investigating into the matter and hopefully we will nab the others," he added.
The SEBI has barred ICore E Services from raising funds through issuance of securities and also restricted the firm and its directors from the capital markets.
The company is already being probed by SFIO along with other Bengal-based groups such as Saradha and Rose Valley.
The SEBI, prima facie, found that ICore E Services was mobilising funds from the public without complying with the applicable law through issue of debentures and preference shares with promises of huge returns to investors.
