Chairman of the Kolkata-based Ruia Group Pawan Ruia was arrested from his Delhi residence on Saturday by the Criminal Investigation Department (CID) of the West Bengal police for alleged theft of railway equipment from the Jessop factory. Mr. Ruia was arrested after the Indian railways registered a case with the Dum Dum police here, alleging theft of goods and machinery worth Rs 50 crore from the Jessop factory premises. The Railways had entered into an agreement with Jessop & Co Ltd for manufacturing railway coaches. Senior CID officers said that Mr Ruia has been booked under Section 420, 409 and 406 of the Indian Penal Code ( cheating and criminal breach of trust) and will be brought to Kolkata on transit remand.
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