Hoffland group chief arrested

NEW DELHI, Aug 22: Delhi police have arrested the absconding8217; chairman of the Hoffland group of companies, B B Sharma, accused of duping thousands of investors to the tune of Rs 100 crore.

Sharma, against whom several cases were registered by police in New Delhi, Uttar Pradesh, Chennai, Mumbai and other places in the country, was arrested on Thursday from Varanasi by the economic offences wing of the crime branch, a police spokesman said here today.

A city court has remanded Sharma, a retired Syndicate Bank manager 8212; allegedly absconding for the last four months 8212; to police custody where he was being interrogated by the sleuths, the spokesman said.