You are here: Home » PTI Stories » National » News
Business Standard

Sudip Bandopadhaya's bail plea rejected again

Press Trust of India  |  Bhubaneswar 

A local court today rejected the bail petition of TMC MP Sudip Bandyopadhyay, arrested over his alleged involvement in the Rose Valley Group chit fund scam.

District and Sessions court, Khurda, turned down Bandopadhaya's bail petition even as his lawyer pleaded that the TMC MP has been cooperating in the investigation.

Earlier, the CBI designated court had also rejected Bandopadhaya's bail petition.

The four-time TMC MP was arrested by the CBI on January 3 in Kolkata and brought to Odisha on remand.

Bandyopadhyay, the leader of Trinamool Congress parliamentary party, is presently lodged in Special Jail at Jharpada here.

Another TMC MP Tapas Pal has also been lodged in Jharpada jail for his alleged involvement in the Rose Valley chit fund scam amounting about Rs 17,000 crore.

Rose Valley group has allegedly duped investors in Odisha, West Bengal, Assam, Jharkhand, Punjab, Delhi, Rajasthan, MP, Tripura and Andhra Pradesh.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sat, February 04 2017. 20:13 IST
RECOMMENDED FOR YOU