Jessop CEO arrested, had 24 pending warrants

CEO of the firm, Ashok Agarwal, was arrested Tuesday for his alleged involvement in misappropriation of funds meant for employees of the company.

By: Express News Service Written by Express News Service | Kolkata | Published:October 26, 2016 2:19 am

Days after “proprietor” Pawan Ruia and the management of the Jessop & Co Ltd were booked for “criminal and calculated omission with some ulterior motive” in the functioning of the factory, the CEO of the firm, Ashok Agarwal, was arrested Tuesday for his alleged involvement in misappropriation of funds meant for employees of the company.

Agarwal was arrested after he was grilled by the West Bengal CID at its headquarters for several hours over his alleged link to the theft and arson at the factory premises. During questioning the CID sleuths came to know that there were several pending cases registered against Agarwal at Dum Dum police station.

A team from Dum Dum police station later arrested Agarwal for alleged involvement in misappropriation of funds related to factory employees’ provident funds, a senior CID official said.

As per a police official the Jessop CEO had 24 warrants pending against him.

Two other Jessop officials —- former general manager of factory’s finance department Ashok Agarwal and incumbent general manager Mahesh Gupta —- were also called for questioning but allowed to go

after the session was over, the official said.

The development comes a day after the state CID arrested two more persons —- Pradip Nandi (18) and Jhantu Karmakar (21) on Monday night from the Jessop factory premises, taking the number of people arrested in the case to 15.

“Nandi and Karmakar have been booked under Section 379 and 411 of the IPC,” said, DIG (CID) Bharat Lal Meena.

The CID has also summoned Jessop owner Pawan Ruia for questioning and he is likely to appear before the officials Wednesday.

A Special Investigating Team was formed by the CID to probe the theft at the factory premises. Last Monday, a fire had broken out in the painting department at the vacant factory premises, the third such incident in two weeks.

Former workers of the Jessop factory alleged that the fire was part of a “conspiracy by a third party”, following which the West Bengal government had ordered a CID probe into the incident.