Head of Saradha chit fund company Sudipta Sen was sent to judicial custody for seven days by a court on Thursday.
After hearing the counsels for Sen and the Enforcement Directorate (ED), which had sought a 15-day remand of Sen, the Bhubaneswar District and Sessions Court sent Sen on judicial custody for seven days. The court fixed the next hearing of the case for July 10.
Sen’s bail plea, along with the ED’s prayer for a 15-day remand, would be taken up at the next hearing, counsel for the ED said. Sen was sent to the Jharpada jail here.
Earlier in the day, Sen was brought here from Kolkata by a team of the ED and the Kolkata police.
The Economic Offences Wing of the Odisha Crime Branch police had sought Sen’s remand for interrogation in connection with the offences committed by the group in the State.
Both movable and immovable properties of the Saradha Group were attached in December 2013 following a Finance Department order on November 30. Nine plots of land measuring a total of 13.64 acres at Srikona near Baleswar and a petty amount of Rs 2,740 deposited with the local IDBI Bank branch had been confiscated. The nine plots were bought by Sen and Debika Dasgupta on behalf of the Saradha Realty Private ltd.
The order said these properties were allegedly procured from and out of the deposits collected by the chit fund group.