One person arrested for alleged fraud in Bengal

Barrackpore, Dec 24 (UNI) Police has arrested the owner of a local private financing firm for alleged fraud of about Rs two crore from a United Bank of India Branch here in North 24 Parganas.

The accused, Tapas Bhakat, a franchisee of a financing company ''A to Z'' was produced before the Additional Chief Judicial Magistrate Court, which remanded him to the police custody for further investigation.

According to police,the accused was arrested yesterday following an FIR lodged by the Bank authorities in respect to the fraudulent acts of the company.

Earlier, vigilance department of the UBI had conducted investigation in the case and found prima facie involvement of the franchisee in the alleged fraud of Rs 1.84 crore that was drawn from the Bank.

While police started investigation, they were reluctant to divulge further information about booking other members of the racket.

UNI XC SJC SS MQA RN0417