Kolkata, June 19 (IANS): The Enforcement Directorate on Friday arrested an official of the Rose Valley Group which has been indicted for collecting money from the public through illegal schemes.

Amit Banerjee, entrusted with supervising the company's field agents, was arrested Friday evening. He will be presented before a court Saturday, an ED official said.

A key figure in the company, Banerjee was in the charge of affairs in the absence of chairman Gautam Kundu, now behind bars.

According to ED sources, Banerjee used to raise money from the public through different schemes.

The corporate affairs ministry in 2013 had named Rose Valley as one of the 73 companies involved in ponzi schemes in Bengal.

The ED probe has revealed that Rose Valley had garnered more than Rs.15,000 crore from public through issue of various financial instruments which did not have sanction of the capital market regulator.

Found guilty of running "collective investment scheme" without necessary approvals, the Securities and Exchange Board of India in June 2014 had ordered the company to refund the money to the investors and barred it barred from accessing the securities market.