Calcutta HC grants bail to Saradha ponzi scam accused Suditpa Sen

By AK Rai 9 Apr 2026 Comment

PTI, April 8, 2026, Kolkata: The Calcutta High Court on Wednesday granted conditional bail to multi-crore Saradha ponzi scam accused Sudipta Sen in the last two of the 300-odd criminal cases against him, paving the way for his release from jail after 13 years.

A division bench of the High Court granted bail to Sen in two cases pertaining to the Barasat police station in North 24 Parganas district of West Bengal. Sen has already been granted bail in all the other cases registered against him, including four criminal cases by the Central Bureau of Investigation (CBI).

The court directed that Sen be released upon furnishing a bond of Rs 5,000 with two sureties of like amount each, one of whom must be local. The Saradha group, headed by Sen, allegedly defrauded lakhs of people through a number of ponzi schemes.

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