Kolkata, Jun 2 (IANS): An executive of the scam tainted Saradha Group, responsible for mobilising deposits from West Bengal's South 24 Parganas district was arrested Sunday for cheating and money laundering, police said.

"Arindam Das, a general manager in the Saradha Group and wanted for a number of charges, including cheating and money laundering, was arrested Sunday from Bheri while trying to escape," said Additional Superintendent of Police (Rural) Kankar Prasad Barui.

Earlier, police issued a look-out notice against Das who was supervising over 50 branch offices of the Saradha across South 24 Parganas and Burdwan districts.

Das is also facing charges of abetment of suicide following a police complaint filed by Bhola Pramanik, whose mother Urmila committed suicide by setting her ablaze in the district.

Pramanik accused Das and Saradha boss Sudipta Sen as well as company director Debjani Mukherjee and senior official Arvind Chauhan of abetting the suicide of Urmila, who invested over Rs.50,000 in Saradha.

Sen, Mukherjee and Chauhan have already been arrested and are facing charges of cheating, conspiracy, abetment of suicide following a plethora of police complaints and first information reports filed against them across the state by investors, agents and employees of the group.

They were arrested from Sonamarg in Kashmir April 23, days after the group collapsed, unable to repay lakhs of mostly poor depositors from rural areas.