The Kolkata Police has arrested director of Vibgyor Group, Biswarup Ghatak, for alleged involvement in several cheating cases.
Ghatak, against whom several cases were pending, was absconding since last year. He was picked up from a hide-out in the Moulali area day before yesterday, the police said.
Ghatak when produced at a local court, was remanded to police custody for 11 days till March 12.
Vibgyor company is involved in cheating public by offering lucrative offers and asking them to invest with the Group, the police said, adding that after investment the company refused to return investors’ money.