Kolkata, Oct 26 (PTI) The CBI has arrested the director of a Durgapur-based company in connection with its probe into a ponzi scam case, a senior official said on Wednesday.

Sanjay Kumar Singh, director of a private firm, also known for his close association with arrested TMC leader Raju Sahani, was apprehended following a 10-hour-long grilling session on Tuesday night, the official of the central agency said.

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"He was arrested after he failed to satisfy our officers with his replies during the grilling session," the CBI official stated.

The private firm director was produced before a city court, which remanded him in three-day CBI custody.

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"Singh had in 2011 colluded with Soumyarup Bhowmik, the then chairman of Burdwan-based Sunmarg Welfare Organisation that ran the ponzi scheme, and committed financial irregularities," the official said.

Bhowmik, currently absconding, and Singh had allegedly misappropriated funds to the tune of Rs 419.90 lakh, the CBI official stated.

Last month, Sahani was arrested for his alleged involvement in the case.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)