Rejecting the bail pleas of Saradha Group promoter Sudipta Sen and two of his close aides, including Debjani Mukherjee, a West Bengal court Thursday sent the three to nine days' police custody in one case and 14 days' judicial custody in another case.
Bidhannagar Additional Chief Judicial Magistrate A.H.M. Rahman, passed the order in two different cases, the first of which was filed on an FIR by Arpita Ghosh, on the basis of which the three were arrested April 23, and subsequently sent to 14 days' police custody.
The second case was started on the basis of an FIR by Kannoj Mandal, an investor of the company. In both the FIRs, the deposit seeking company of the Saradha Group has been accused of cheating.
While in the first case, the trio has been remanded to 14 days' judicial custody, the court ordered nine days' police custody in the second.
Praying for bail, defence counsel argued that the accused have cooperated with police during interrogation and that they have no intention either to abscond or to deny the investors refund of their money.
However, the court rejected their pleas and remanded them in custody.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
