Chairman of Xenitis Group granted bail

Image
Press Trust of India Kolkata
Last Updated : Aug 25 2014 | 7:40 PM IST
A city court today granted bail to Santanu Ghosh, chairman of city-based company Xenitis Group, who was arrested by the Enforcement Directorate for his alleged monetary links with multi-crore chitfund scam accused Sudipta Sen of Saradha Group.
The chief judge of City Sessions Court here granted bail to Ghosh on two sureties of Rs 15,000 each and was directed not to leave the country and to cooperate with the investigating agency.
Ghosh's counsel moved the bail prayer submitting that he has been in custody for 63 days and that the ED has not been able to file the chargesheet within the statutory period of 60 days.
The counsel for ED opposed the bail prayer stating that it was a high-profile case and needed further time.
Hearing both the parties, the chief judge granted the bail prayer of Ghosh.
The next date of hearing in the case has been fixed on September nine.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Aug 25 2014 | 7:40 PM IST

Next Story