Das was released after securing bail in eight cases filed by CBI and Odisha police crime branch in connection with his alleged involvement in the multi crore rupees chitfund scam.
He secured the last of the eight bails yesterday from a Koraput court.
The Seashore CMD, the main accused in the scam, was arrested by Odisha police in 2013 from Mumbai and was in jail since then. The case was later handed over to the CBI as per the direction of the Supreme Court.
Earlier, his brother Pravat Das and his ponzi company's middleman Subhankar Nayak had secured bail and were released from jail.
Disclaimer: No Business Standard Journalist was involved in creation of this content
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
