BHUBANESWAR: The Special CJM CBI court today rejected the bail application of Trinamool Congress (TMC) MP Tapas Pal, arrested in connection with the Rose Valley Group chit fund scam, and allowed the investigating agency to take him on a three-day remand.
The CBI, which produced Pal before the Special CJM CBI court here, had prayed to take the arrested MP on a five-day remand for further interrogation.
The central investigating agency had arrested Pal from Kolkata on Friday for his alleged nexus with the tainted ponzi firm. The MP was brought here and produced before the court today.
Talking to mediapersons after meeting Pal at the CBI office here, his lawyer Arun Acharya said, "He has been made a victim under political pressure since he is a celebrity and a MP. A bail application will be filed in the court."
Pal is alleged to have given promotional speeches for the tainted chit fund scam to influence people. The TMC MP from Krishnagar constituency in West Bengal was a director of the tainted company.
He was summoned by the investigating agency in connection with chit fund case on Friday and questioned for four hours. CBI had raided Pal's residence last year.
The Rose Valley Group had collected over Rs 10,000 crore as deposits from several people across the country, especially from eastern states including West Bengal and Odisha. It could not repay a substantial part of it.