Bhubaneswar: The Odisha High Court on Friday granted bail to Trinamool Congress MP Sudip Bandyopadhyay, who was arrested for his alleged link with the Rose Valley Group chit fund scam.
The TMC leader was given bail on Rs 25 lakh surety. Bandyopadhyay was also asked to deposit his passport.
The Central Bureau of Investigation (CBI) had arrested the four-time Lok Sabha member from Kolkata on January 3. Bandyopadhyay is presently lodged in Jharpada Special Jail here.
According to CBI sources, the Rose Valley group has allegedly duped investors in West Bengal, Odisha, Assam, Jharkhand, Punjab, Delhi, Rajasthan, MP, Tripura and Andhra Pradesh of nearly Rs 17,000 crore.