After months of playing hide-and-seek with the law, prominent industrialist Pawan Ruia was finally apprehended by the police on Tuesday night. In a high-stakes midnight operation, a special team from the Bidhannagar Police raided a luxury hotel in New Town and took the controversial tycoon into custody. Ruia, who has been absconding for a considerable period, is accused of a massive financial fraud amounting to approximately ₹350 crore.

A History of Allegations Pawan Ruia, the head of the Ruia Group which famously took over iconic firms like Dunlop and Jessop, has long been embroiled in legal battles. His tenure was marked by multiple allegations of siphoning off funds, non-payment of employee dues, and tax evasion. He had previously been under the scanner for cases related to the theft of railway property and misappropriation of government subsidies. The current arrest, however, pertains to a fresh multi-crore embezzlement case where he is the primary accused.

The Dramatic Catch Intelligence sources revealed that Ruia had been constantly changing his locations across different states and was rumored to be planning an escape abroad. However, acting on a tip-off that he had secretly returned to the city, the police tracked him down to the New Town hideout. He will be produced in court today, where investigators are expected to seek his custody for further interrogation. This development has sent ripples through the business community in Bengal and has been welcomed by thousands of former employees and creditors who have been seeking justice against the industrialist for years.