Saradha scam: Trinamool MP Srinjoy Bose granted bail

Kolkata: A court here on Wednesday granted conditional bail to Trinamool Congress Rajya Sabha member Srinjoy Bose, who was arrested in November 2014 by the CBI probing the multi-crore-rupee Saradha chit fund scam.
Passing the order, South 24 Parganas district and sessions judge Samaresh Prasad Chowdhury directed Bose not to go abroad without permission from the court and to cooperate with the Central Bureau of Investigation in matters related to the probe.
He was also told not to make any effort to influence the probe. After hearing the bail petition moved by Bose’s counsel, the judge asked him to submit two bonds of Rs.50,000 each.
Bose’s lawyers had sought bail arguing that he had already spent 75 days in police and judicial custody and was cooperating in the probe.
They said Bose should be granted bail as the CBI was yet to file a chargesheet against him under section 420 of the Indian Penal Code, under which he was arrested, while the maximum detention time under the section was 75 days.
The counsel for the CBI did not oppose the defence lawyer’s argument about the statutory period. (IANS)