Justice S K Mishra, which had reserved the verdict after completing hearing on the plea last year, pronounced the judgment during the day.
With the rejection of the plea for advance bail, the interim protection granted to advocate Debasish Panda is also removed.
Panda, a former Additional Government Advocate (AGA), is accused of criminal conspiracy, criminal breach of trust, cheating, forgery for cheating, using as genuine a forged document and criminal intimidation by the central investigating agency which is probing into chit fund scam in the state.
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