Reported by Santosh Jagdev
Bhubaneswar, Sep 19:
The Special Chief Judicial Magistrate Court of CBI today kept the verdict on the bail pleas of Odisha chit fund scam accused Biksh Swain and Ranjan Dash for tomorrow.
The court heard the arguments from both sides on the bail petition of Swain, proprietor of ‘Suryaprava’, an Odia daily published from the city, and Ranjan Dash, co-founder of the Artha Tatwa (AT) Group and founder of Swastik India Multi-State Cooperative Agency, before reserving the ruling for tomorrow.
Swain and Dash were produced before the CBI court here after their 14-day remand ended today.
The Counsel for the duo, Sitanshu Mohan Dwivedy had applied for the bail petition before the court. The CBI counsel Kalicharan Mishra had opposed the bail plea and requested the court to send the duo to judicial custody.
On September 6, the same court had rejected the bail pleas of Swain and Dash and allowed the CBI to take the duo on a 14-day remand to interrogate them in connection with the multi-thousand crore chit fund scam in Odisha.
After the court reserved its ruling on their bail plea, Swain and Dash were sent to the Jharpada jail here today.
Earlier in the day, the CBI had done a health check up on Swain and Dash before producing them in the court.
Both were arrested by the central investigating agency on September 5 after two days of intensive interrogation at the CBI office.
Sources said their arrests were made after CBI found substantial evidence about their complicity in the dubious business transactions of Artha Tatwa (AT).