Ponzi scam: HC rejects Bail pleas of Tapas Paul, Pravat Das

Bhubaneswar: The Odisha High Court today rejected bail applications of Trinamool Congress (TMC) MP Tapas Paul and Seashore group co-director Pravat Das, in connection with the Rose Valley and Seashore chit fund scams, respectively.

Paul had moved the High Court seeking bail on health grounds.

Earlier on January 7, the Special CJM CBI court in Bhubaneswar rejected the bail plea of the actor-turned-politician. The TMC MP was arrested by the CBI from Kolkata on December 30, 2016.

Director of as many as 15 ventures of the Seashore group, Pravat, the younger brother of group chief Prashant Das, was arrested on January 24, 2015 for his alleged link in the chit fund scam.