India, Jan. 12 -- The Enforcement Directorate (ED) on Monday said it has arrested a man who had threatened its officers against taking action to auction properties worth Rs.428 crore in an investment fraud in Hyderabad.

The suspect, identified by ED as Kalyan Banerjee, was arrested from Secunderabad on Saturday. He was remanded in ED custody till January 23.

An ED statement said Kalyan Banerjee had been engaged by the Heera Group founder Nowhera Shaik and her associates to reach out to ED officials to manipulate the probe and protect their assets from ED action.

In phone calls with ED officers, Banerjee falsely claimed to be close to several high-ranking bureaucrats and political leaders and sought to interfere in the investigation, th...