Detectives investigating a collapsed currency firm have made anarrest - the eighth so far in a complex seven-month investigation.
The arrest is part of the ongoing investigation into CrownCurrency Exchange and Crown Holdings Ltd, which went intoadministration in October owing more than Pounds 16 million.
Former Glastonbury town councillor Edward James had been ashareholder with the company, and a director on their board beforehe resigned from the role in December 2009.
A 48-year-old man was taken by officers from Devon and CornwallPolice's Economic Crime Unit from his home in west Cornwallyesterday morning and questioned.
A police spokesman said the man had not previously been arrestedin connection with collapse of the Hayle-based firm.
Seven people - four men and three women - have previously beenarrested and have all been released on bail until July, including MrJames.
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