Saradha chit fund scam: Former Bengal DGP Rajat Majumdar gets conditional bail

KOLKATA: Former West Bengal DGP (Armed Police) Rajat Majumdar, who was arrested by the CBI in September last in connection with the Saradha chit fund scam, was today granted conditional bail by the Calcutta High Court.

A division bench of justices Subhrokamal Mukherjee and Indrajit Chatterjee granted bail to Majumdar against a surety of Rs 1 lakh.

He has been directed to surrender his passport and asked to stay within Kolkata and Bidhannagar police station areas and report to CBI once in a week.

Appearing for Majumdar, his counsel Anindya Mitra and Milon Mukherjee submitted that CBI could not neither provide any evidence of his alleged involvement in the scam, nor provide any evidence of his being involved in money collection business of Saradha group.

The CBI counsel opposed Majumdar's bail prayer. Majumdar, who worked as Director General (Armed Police) in West Bengal, was arrested by the CBI on September 9 for his alleged involvement in the multi-crore Saradha chit fund scam.