May 30, 2023

Calcutta High Court has granted bail to Saradha rip-off accused Debjani Mukherjee.


The Calcutta High Court on Saturday granted bail to Debjani Mukherjee, an accused within the multi-crore Saradha chit fund rip-off, in one of many a number of felony instances towards her.

A division bench comprising Acting Chief Justice Rajesh Bindal and Justice Arijit Banerjee ordered bail to Ms Mukherjee on furnishing a bond of Rs 2 lakh with two sureties of Rs 1 lakh every, considered one of whom have to be native.

Ms Mukherjee will, nevertheless, proceed to stay behind bars since she is but to acquire bail in instances pending towards her in different states.

The Saradha group allegedly cheated hundreds of depositors, promising abnormally excessive returns on investments in its unlawful schemes.

Moving the bail petition earlier than the excessive court docket, the petitioner’s lawyer Jayanta Narayan Chatterjee contended that she was arrested on April 22, 2013, and has been in custody since then.

The CBI, which is investigating the case, acknowledged that such arrest was in reference to another felony case and within the current case, Ms Mukherjee was apprehended on June 14, 2014.

The chargesheet within the case was filed on October 22, 2014, and the investigation towards the accused individuals together with the petitioner is full, the court docket famous.

The bench additional famous that the trial within the case has not began but and the petitioner is in custody for greater than seven years.

“It is also pertinent to note that Kunal Kumar Ghosh, a co-accused, in the same case, was granted interim bail by this court on October 5, 2016 which was confirmed by this court on January 6, 2017,” the bench noticed whereas granting bail to Ms Mukherjee within the case.

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