Saradha Scam: Madan Mitra finally gets bail

West Bengal transport minister Madan Mitra was granted bail in connection with the multi-crore-rupee Saradha scam by the Alipore court on Saturday. 

The court was hearing a bail petition moved by his lawyers at the court and the judge granted him conditional bail on a personal bond of Rs.2 lakhs.  

Madan Mitra was arrested by the CBI on December 12, 2014 on charges of criminal conspiracy, cheating and misappropriation of funds. He was also charged with deriving undue financial benefits from the Saradha Group. His arrest came in the wake of him holding a post in the Saradha Group of Companies. TMC has steadfastly defended Madan Mitra and he even continued to be a Minister even though he was languishing in prison for so long. Madan Mitra has been suffering from several ailments and hence he was admitted in hospital for a prolonged period.