Kolkata, Oct 10: Stock Holding Corporation of India Limited (SHCIL) MD and CEO B V Goud and senior vice-president of Hindujas controlled Indusind Bank S M Paul have been arrested in connection with march 2001 payment crisis in Calcutta Stock Exchange (CSE), police said today. The two were arrested late last night because of their "involvement in the securities scam" after detailed interrogation during the past two days, Deputy Commissioner of Police (Detective Department) Soumen Mitra said.

SHCIL was implicated by Sebi in the securities scam when Goud was its managing director. "We have papers which indicate Goud's involvement with Dinesh Dalmia of DSQ software and Mumbai bull Ketan Parekh", police said.
Paul on the other hand had allegedly helped key CSE brokers Dinesh Singhania, Harish Chander Biyani and Ashok Poddar to siphon off funds, the police said. Bureau Report