Actor turned politician Trinamool Congress MP Tapas Pal arrested on Friday by the Central Bureau of Investigation (CBI) in connection with the Rose Valley group chit fund scam.
The CBI had earlier this year filed a charge sheet against Rose Valley chairman Gautam Kundu and three other accused.
Quoting union minister Babul Supriyo NEWS18.com of India said, "Personally I am sad to see him under arrest. But the law needs to take its course".
Market regulator Securities And Exchange Board of India (SEBI) has been investigating the company since 2013.