Central Bureau of Investigation (CBI) officials on Tuesday arrested Official Liquidator at Hyderabad Arvind Shukla for his alleged complicity in fraudulent transfer of funds. Official Liquidators are officers appointed by the Central Government under Section 448 of the Companies Act-1956. They are attached to various high courts. Two years ago, a criminal case was registered against Manager of United Bank of India’s Khammam branch and others. They were charged with transferring Official Liquidator’s funds deposited in the bank and withdrawal of the same prematurely by a few private persons in connivance with the bank officials. CBI sleuths searched the premises of the office and residence of Mr. Shukla to gather more evidence in the case.