Mumbai/New Delhi, April 5 -- The crisis-ridden stock market saw another twist when the Central Bureau of Investigation (CBI) today arrested big bull Ketan Parekh. The arrest was made following a complaint by the state-owned Bank of India (BoI).

Parekh has been charged with defrauding e BoI of Rs.130 crore against pay-orders issued by Madhavpura Mercantile Co-operative Bank based in Ahmedabad.

CBI arrested him after questioning him for hours during the day. Parekh is expected to be produced in Mumbai's designated court tomorrow and a formal chargesheet of defrauding BoI is likely to be filed.

CBI also questioned his cousins Navin Parekh and Kirit Parekh, who are his business associates, but they were let off later in the day. CBI told n...