Calcutta High Court grants Sudipta Sen bail citing health issues
Sudipta Sen, the main figure behind the Saradha chit fund scam, is set to walk free after spending 13 years behind bars.
The Calcutta High Court granted him bail, pointing to his long time in jail and health issues.
Sen was arrested back in 2013 for running a Ponzi scheme that cheated thousands of small investors.
Sudipta Sen restricted, investigations continue
Sen cannot take up any financial jobs and must keep his location updated with investigators at all times.
He also has to check in at the Office-in-Charge of the Barasat Police District in North 24 Parganas once a month and stay within West Bengal unless the court says otherwise.
Out of nearly 400 cases linked to the scam, some are still being investigated by police, with the court pushing for missing records to be rebuilt so trials can move forward faster.