The Special Chief Judicial Magistrate (CJM) Court on Monday allowed the CBI to take Rose Valley Group chairman Gautam Kundu on a nine-day remand.
The CBI had brought Kundu on transit remand from Kolkata on Sunday. The Central investigating agency had sought a 14-day remand of the accused.
The Bhubaneswar CBI after bringing him from Kolkata had kept him at its Special Investigative Team (SIT) unit here.
The CBI has already submitted its chargesheet in the Rose Valley Group chit fund scam naming Kundu and three others.
The CBI charged the firm with defrauding depositors of `17,000 crore, out of which `500 crore is from Odisha.