New Delhi, May 26 (UNI) The Central Bureau of Investigation has arrested Former Director of a West Bengal-based private company in an ongoing investigation of a case related to chit fund. The company had collected around Rs 3500 crore from the public, a statement from the premier agency said. A case was registered against the said private company for the offences of cheating, criminal conspiracy and criminal breach of trust and diversion of fund. The said accused named in FIR was the founder Director of the company, which issued Product Scheme Cards & Preference Share Certificates against public collection without taking permission from the regulatory bodies. Further investigation is continuing, the statement added. UNI RG RJ 2208