The Tripura Police has arrested a top functionary of a chit fund company who was on the run after a case was registered against him 2013. In another development, the Special Investigation Team (SIT) of the State CID which is probing the Rose Valley chit fund scam is preparing to bring its owner Gautam Kundu from Kolkata this month for interrogation.The SIT had earlier failed to get Kundu’s custody after his lawyers stalled two sanctions of transit remand citing his ailment. Rose Valley held at least 80 per cent of deposits in non banking financial companies in Tripura, cheating thousands of people.Police arrested Tanoy Das, local director of Rubistar, a chit fund company, in connection with a case registered with east Agartala police station in 2013. He went into hiding after filling of the case.Rose Valley casesKundu is wanted in the State in reference to another case lodged in west Agartala police station in the same year. Besides Tripura, he is facing forgery and criminal conspiracy charges in West Bengal, Assam and Odisha where the CBI is conducting probe.‘BJP-CPI(M) nexus’Absence of CBI in ponzi scam investigations in Tripura is a big political issue with opposition Trinamool Congress alleging a ‘CPI(M)- BJP’ nexus to keep the central agency at bay. “CBI is completely silent in Tripura where chit fund companies collected hundreds of crores by cheating people with high interest rate and return”, TMC leader Sudip Roy Barman said.“Undoubtedly there is a connection between CPI(M) and BJP…they have nexus”, Mr Barman told The Hindu on Saturday. His party had earlier held street protests over the issue.SIT was constituted by the State government to enquire into financial scams committed by over one hundred chit fund companies. It has taken up probe into complaints registered with police under IPC Sections 420, 406, 34 and Section 3 of Tripura Protection of Interest of Depositors Act 2000.SEBI noticesSecurities and Exchange Board of India (SEBI) earlier issued notices against two ponzi fund companies – Charka Infrastructure Limited and the Suncity Infracon Corporation Limited which raised fund in Tripura. Entities in the notices are named as Bijoy Das and Apu Saha and were summoned to its office in Kolkata, but they failed to turn up.