No money to secure bail, says Saradha kingpin

As a business magnate he minted billions of rupees, but Saradha promoter and scam kingpin Sudipta Sen Friday claimed he did not have any money to furnish surety for his bail which was granted by a court earlier.

Sen, who has been facing a host of cases in the chit fund scam, was presented before the chief judge of the city sessions court Mohammad Mumtaz Khan in connection with a case filed by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act.

"The court today (Friday) asked Sen why he hasn't furnished the surety amount of Rs.30,000 for his bail that was granted to him earlier, to which he said that he has no money. With all his bank accounts and assets seized, he has no money left," Sen's counsel Dipannita Roy said.

Investigating agencies including the ED have attached Saradha's numerous moveable and immoveable assets.

Arrested along with key aide Debjani Mukherjee from Jammu and Kashmir last year, Sen is now in judicial custody after the Central Bureau of Investigation (CBI) was directed to probe the multi-crore scam by the Supreme Court.

However, with a plethora of cases pending against him, Sen would not have walked out of jail even if he had furnished the security.