The Calcutta High Court today granted bail to former union minister Matang Sinh, who was arrested by the CBI for his alleged connection with the Saradha chit fund scam.
A division bench comprising Justice Joymalyo Bagchi and Justice R Bharadwaj granted bail to Sinh.
The bench Categorically asked cbi special pp raghvancharyalu to explain the details of the case as to y you have detained this person for such a long time.
cbi pp mr raghvan tried his best to mislead the court by concocting a story but the judge was specific about the case And bench observed that matang sinh media company had some commercial agreement with sarda group and has got no benefit from sarda group
Cbi pp submitted that the investigation was on and the agency would submit a final charge sheet with regard to the case and releasing Sinh at this stage would hamper the probe.
Praying for bail, Sinhs counsel Manjeet Singh submitted that the agency has submitted six charge sheets so far in connection with the Saradha scam and his name appeared only in the second one.
He claimed that Sinh was being unnecessarily detained by the investigating agency.
After hearing both the parties, the high court granted bail to Sinh, also a former Rajya Sabha member from Assam