The Central Bureau of Investigation CBI has arrested director of Ludhiana-based SEL Textiles Neeraj Saluja in connection with a Rs 1530.99 crore fraud case in the Central Bank of India, officials said on Friday.

The CBI had booked the yarn and fabrics manufacturing company, which has units at Malout and Nawanshahr in Punjab, Nemrana in Rajasthan and Hansi in Haryana, on August 6, 2020, along with its directors on a complaint from the bank.