The Orissa High Court on Thursday reserved its verdicts after completing hearings on the bail petitions of two prominent arrested persons.
The bail petitions of chit fund company Seashore director Prashant Dash and self-styled godman Sarathi Baba were listed for final hearings in the court of Justice JP Das on the day.
The court reserved the verdicts to be pronounced at a later date. Prashant was arrested by the Crime Branch police from Mumbai in June 2013 for his alleged key role in duping around Rs 1,200 crore from hundreds of investors in his company.
Sarathi Baba was arrested by Crime Branch on August 8 last year, booking him under Sections 120-B, 420, 467, 341, 379 and 506 of IPC along with Section 3 of the SC and ST (Prevention of Atrocities) Act, section 25 of Arms Act and Section 7 of the Religious Institutions (Prevention of Misuse) Act.