"He was released around 3 pm after getting bail documents," a senior jail official said here.
Sharma, who was convicted and sentenced to four years imprisonment by a special CBI court in October last year, obtained bail from the Supreme Court.
Along with Lalu Prasad, Sharma lost his Lok Sabha seat following the conviction. Lalu is also out on bail.
The two were among the 45 convicted by the court on September 30 last year in the fodder scam case pertaining to fraudulent withdrawal of Rs 37.7 crore from Chaibasa Treasury when Lalu was the Chief Minister of undivided Bihar.
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