Saradha Group Chairman and Managing Director Sudipta Sen, who is at the centre of a multi-crore Ponzi scam in the State, said before a city court that he did not have money to furnish surety for his bail which was granted by a court earlier.
The Judge of City Sessions Court asked him why wasn’t he furnishing the bail bond and accepting the bail, which had already been granted to him.
“Mr. Sen told the court that he did not have Rs. 30,000 to furnish the bail bond,” Dwipannita Roy, the counsel appearing for Mr. Sen, told The Hindu . Since all his bank accounts and assets have been seized, Mr. Sen has no money left to furnish the bail bond, the counsel said.
The case in which Mr. Sen has been granted bail was registered by the Enforcement Directorate under the Prevention of Money Laundering Act.
Mr. Sen was arrested along with key aide Debjani Mukherjee from Kashmir in April last year and has been behind bars since then. The State police have registered a number of cases against him and now the investigation is being carried by central agencies.
