46-year-old Kumar, a 1989-batch IPS officer, was arrested by the CBI from his apartment in South Delhi and produced before a judge here who sent him to a transit remand. He would be produced before a designated court in Chennai tomorrow.
The accused officer has been on the run for many months. His anticipatory bail plea was rejected by the Madras High Court on April 20.
The case was initially cracked by the Crime Branch of Tamil Nadu Police when they arrested an inspector who had allegedly carried the bribe money for Kumar.
The case was handed over to CBI on the orders of Madras High Court after which agency filed two cases. The first case was against directors of Pazee Forex K Mohanraj, Kathiravan and A Kamalavalli for allegedly cheating investors Rs 829 crore of promised returns and dividends.
They have been charged under IPC sections related to criminal conspiracy, cheating, provisions of The Prize Chits And Money Circulation Schemes (Banning) Act, 1978 and the Tamil Nadu Protection of Interests of Depositors Act, 1997.
The second case arose after Kamalavalli allegedly went missing on December 8, 2009 alleging harassment by the police, CBI sources said.
The probe revealed that Pramod Kumar the then Inspector General West Zone had allegedly demanded Rs 10 crore from the accused directors of the company through the Investigating officer who is claimed to be handpicked by him, they said. PTI SKL
RT
