Sudip's counsel had pleaded in court that the politician was in no way involved in the scam.
Bhubaneswar (Odisha), May 19: Trinamool Congress (TMC) MP Sudip Bandopadhyay was granted bail here today by the Odisha High Court, in connection with the Rose Valley chit fund scam. Bandopadhyay was granted bail on the health ground.
Among other conditions, Sudip Bandyopadhyay has been told to give his passport in the trial court and cooperate with the investigating officer, as and when required.
The Rose Valley group has allegedly duped investors in West Bengal, Odisha, Assam, Jharkhand, Punjab, Delhi, Rajasthan, MP, Tripura and Andhra Pradesh of almost Rs 17,000 crore, as per sources. Sudip was stated to be suffering from pancreas and heart ailments.
The bench had reserved the order on his bail plea after hearing arguments of both the prosecution and defence on May 8.
Earlier on Jan 3, CBI booked Sudip Bandyopadhyay for his alleged involvement in Rose Valley financial scam and the investigation agency mentioned his name in a recently filed charge sheet.
Bandyopadhyay had moved the High Court in February, seeking bail after his applications were rejected by the designated CBI Court in Bhubaneswar and the Khurda district sessions court. Mr. Bandyopadhyay is at present admitted to a hospital in Odisha.
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