Rose Valley scam: Trinamool Cong MP Sudip gets conditional bail

Cuttack: Trinamool Congress MP Sudip Bandopadhyay was today granted bail by the Orissa High Court in Rose Valley chit-fund scam case with the court asking him to surrender his passport and submit a Rs 25-lakh bank guarantee at the Special CBI court in Bhubaneswar.

The High Court approved the conditional bail of Sudip after two sureties of Rs 50,000 each were produced in the court.

Elaborating on the development, Sudip’s counsel said, “The court has also asked the TMC MP to cooperate during the probe and be present at lower court during hearings.”

During the hearing, the counsel argued that Sudip’s bail plea should be considered by the High Court as the TMC MP is an elderly person and keeping unwell.

“Besides, Sudip is no way involved in any direct transactions with Rose Valley. Neither he was a director in the company nor was into its businesses,” the counsel said.

It is worth to be mentioned that the TMC MP is lodged in Jharpada Special Jail after his arrest by the CBI in connection with the multi-crore Rose Valley chit-fund scam in January this year.