Sanjit Singh was arrested late on Friday night after hours of grilling in connection with fraud in a cooperative bank in Barrackpore.
The District Judge is likely to take up the matter later in the day.
Shamli Superintendent of Police Vineet Jaiswal told reporters they received information and a police team intercepted a car in which the fake sales tax officer and three others were travelling.
Police on Tuesday arrested a man in pursuant of a non-bailable warrant (NBW) issued against him by the Metropolitan Magistrate Court in Kolkata.
An ED official said that the agency attached the properties -- owned by Udaipur's CA Bharat Bomb, Shankar Lal Khandelwal and others -- in the loan fraud case reported in the erstwhile Syndicate Bank.
The search operations, which began at 11 am, continued in the afternoon, police said.
According to the agreement between the company and the depositors, Kamaruddin said an arbitrator should be appointed in case of a disagreement or dispute.
Nirav Modi's wife, Ami Modi, is stated to have left country soon after the alleged bank fraud case came into light in 2018.
Trusting the accused, the complainant along with a few others transferred `84 lakh to Sharjeel’s account.
They had sought bail claiming the ED failed to file its charge sheet within the stipulated period of 60 days.
The lady, identified as Tamanna Jahan, was arrested in Tilak Nagar area while issuing challans.
An amount to the tune of Rs 2.74 crore was allegedly swindled by M R Bijulal by crediting it to his personal account. Later, he transferred the amount to the accounts of his wife and sister.
Sushant death CBI investigation: Probe handed over to SIT unit which probed AgustaWestland, Mallya loan cases
The SIT team consists of Joint Director Manoj Shashidhar, a 1994-batch Gujarat cadre IPS officer, DIG Gagandeep Gambhir, also a Gujarat cadre IPS officer, and Superintendent of Police Nupur Prasad.
M R Bijulal, accused in the treasury fraud case, who was arrested on Wednesday, has told investigators that he had indeed siphoned off Rs 2.74 crore from the treasury on multiple occasions.
The RTI also sought to know how many consumer complaints received by the RBI's 15 ombudsmen offices during April 1, 2019 to March 31, 2020.