Nabadiganta scam: HC breather for Subarna Naik

Cuttack: After two and half years in jail, former MLA Subarna Naik will finally walk free as High Court today granted him conditional bail in Nabadiganta chit fund scam.

The court granted him bail against two sureties of Rs 2 lakh each. The court has also directed the accused to deposit a cash surety of Rs 2 lakh in the court treasury to avail the bail.

The ex-BJD MLA was arrested by CBI in November, 2014 on charges of his links with chit fund firm Nabadiganta Capital Services.