Odisha Sun Times Bureau
Bhubaneswar, Feb 4:

The Khordha District and Sessions Judge Court today rejected the bail plea of Trinamool Congress (TMC) MP Sudip Bandyopadhyay, who has been arrested over his alleged involvement in the Rose Valley Group chit fund scam.

The Central Bureau of Investigation (CBI), probing the chit fund scam, had arrested the four-time Lok Sabha member from Kolkata on January 3.

The West Bengal leader is presently lodged in Jharpada Special Jail here.

Having cast its net across West Bengal, Tripura, Assam, Odisha, Jharkhand and Maharashtra among others, the Rose Valley Group is alleged to have illegally raised around Rs 17,000 crore from the public after wooing them with false promises of paying high rates of interest.