Former president of Odisha Youth Congress Rajat Choudhury was on Friday granted conditional bail by the Orissa High Court.
Choudhury was arrested by the CBI in July this year for his alleged role in the multi-crore chit fund scam and illegal collection of public money by te Arthatatwa (AT) Group of Companies.
Choudhury had allegedly sold a prime plot of AT Group for a sum of over `94 lakh. He had apparently the power of attorney of the same land and sold it to one of his friends. The CBI is, however, unable to trail the money obtained through the land deal.
Setting conditions of the bail, the High Court directed Choudhury to deposit `1.5 crore and go on bail after furnishing bail bonds of `1 lakh each of two sureties in the lower court.