The Calcutta High Court on Thursday cancelled the bail of Trinamool Congress leader Madan Mitra, who is accused in the multi-crore Saradha chit fund scam. The court allowed a petition by the Central Bureau of Investigation pleading to cancel the bail granted by a lower court on October 31, and asked Mitra to surrender immediately. Mitra sought seven days’ time to surrender, but the court rejected the plea, reported PTI.
Mitra had resigned as West Bengal transport minister on Wednesday after the CBI asked the High Court to cancel his bail. The CBI counsel argued that Mitra was still an influential figure in the state and that he could tamper with evidence in the case. Mitra, who was arrested by the CBI in December 2014, was granted bail by a local court on October 31.