Jaipur, Jan 11 (PTI) The Rajasthan Police's SpecialOperations Group (SOG) today arrested the director of one ofthe six shell companies formed by Kolkata-based Pincon SpiritsLimited, a senior police official said.
The group had formed six shell companies, including LRNUniverse Producers, to allegedly dupe Rs 1,000 crore of 4 lakhinvestors, Additional Director General of Police (ATS-SOG)Umesh Mishra said.
Director, LRN Producers, Deepak Pundhir was arrestedtoday and produced before a court from where he was sent infive-day police custody, he said.
In November, a SOG team had arrested five people,including the CMD of Pincon Ltd, Manoranjan Roy, and directorVinay Singh from Kolkata, the officer said.
The accounts head of the company, Raghu Shetty, hisassistant and director Hari Singh were arrested from Varanasiand Agra respectively, Mishra said.
He said that investigation into the case revealed thatPincon Ltd had spread its network to 10 states and in Londonas well.
In May 2017, the company had released foreign currencyconvertible bonds (FCCB) worth for Rs 30 million dollar capaxat the London Stock Exchange, Mishra said. PTI AGANB.
This is unedited, unformatted feed from the Press Trust of India wire.