Odisha court denies bail to Bikash Swain again

Sambad English Bureau Published On : Oct 25, 2014 at 9:32 PM

Odisha Sun Times Bureau
Bhubaneswar, Oct 25:

The Khordha district sessions court today rejected the bail plea of Bikash Swain, proprietor of Odia newspaper Suryaprava, who has been arrested in connection with the ongoing CBI probe into the Odisha chit fund scam.

BJP releases fresh list of star campaigners for upcoming polls in Odisha

Odisha BJP expels former Berhampur Mayor, other functionaries for ‘anti-party activities’

Bikash Swain (L) and Ranjan Dash (R) in CBI custody (Pic-Biswaranjan Mishra)

Swain was arrested by the CBI on September 5 after two days of intense interrogation at the CBI office for his alleged links with the Artha Tathya (AT) Group, a major player in the multi-thousand crore chit fund scam in Odisha.

Sources said the CBI has found substantial evidence about his complicity in the dubious business transactions of Artha Tatwa (AT).

The Special Chief Judicial Magistrate Court of the CBI here had already rejected his bail plea twice: on September 6 and 20 and had sent him to judicial custody.

On September 6, the same court had rejected the bail plea of Swain and allowed the CBI to take him on a 14-day remand to interrogate them in connection with the multi-thousand crore chit fund scam in Odisha. He was denied bail again when he was produced before the court on September 20 at the end of his remand period.