The Calcutta High Court granted bail to Saradha scam accused Sudipta Sen in the last two pending cases. The order clears the way for his release after nearly 13 years in jail in the multi-crore chit fund scam.
A special PMLA court has ruled that there is no “prima facie” evidence supporting money laundering allegations against Nalini Chidambaram in the Saradha case. The court emphasized the insufficiency of evidence, leading to the dismissal of the charges. This decision carries substantial implications and establishes the necessity of solid evidence in PMLA prosecutions.
