Kolkata: Police arrested one person from Ranaghat in Nadia on Saturday night in connection with a chit fund scam involving Rs 888 crore.The accused, Chandan Dey, is allegedly involved in many other chit fund scams in the state and duped a large number of people who had invested in various Ponzi schemes. The case was lodged with the Bijpur police station under Barrackpore police Commissionarate. The investigating officers had specific information that Sen had taken refuge in a house in Ranaghat. Dey went to a local medicine shop on Saturday night. He was arrested at the shop. Also Read – Centuries-old Durga Pujas continue to be hit among revellersHe has been at large since 2013 when various scams came to light. It was learnt that Dey had taken shelter in a house in Nadia’s Ranaghat a few months ago impersonating as Palash Dey. According the police the accused was arrested on the basis of specific complaint regarding a chit fund scam in which altogether Rs 888 crore had been duped. Sources said that a Central agency also filed a case against Dey at Calcutta High Court in 2017. Following the incident, the court instructed the police to arrest the accused. Police had carried out raids at various places but failed to trace him. Also Read – Bengal family worships Muslim girl as Goddess Durga in Kumari PujaThe Barrackpore Commissionarate was conducting a probe in a particular case when the investigating officers came to know that the accused had handed over a cheque to local business material supplier. Police carried out a detailed probe on the basis of the cheque. They came to know the whereabouts of the accused. A team of police reached the Ranaghat acting on specific information. As he went to the medicine shop, the police caught hold of the accused. He was taken to Bjpur on late Saturday night. Police are trying to know the details about the scam. They are also trying to know the money trail. According to the investigation, police came to know that the accused was involved in various chit fund groups, including the Alchemist and Icore. The accused had allegedly collected money from the people and allegedly duped as many as 1000 agents.