Mitra, was granted bail by ACJM (in-charge) of Alipore District and Sessions Court Partha Das on condition that he would furnish a bond of Rs two lakh, cannot leave the state, submit his passport and cooperate with the investigation process.
Moving the bail plea, Mitra's counsel Ashok Mukherjee told the court that CBI was seeking the defendant's further stay in jail as they felt that he was a prominent person and might influence when granted bail.
Not a single investor testified against him. The CBI kept on opposing his bail but they could not produce any evidence about his involvement in the case," added Mukherjee.
But CBI has failed to furnish any evidence against Mitra regarding his involvement in the scam and so bail is granted to him, he said.
CBI counsel told the court that the concerned investigation officer was not in station for which the case diary cannot be produced before the court and hence would not be able to take part in the hearing.
The judge said probe into economic crimes is based on documents and Mitra getting out on bail would not have any influence on the investigation. He then granted bail to Mitra, who was arrested on December 12 last year. As soon as the news of his bail spread, Trinamool supporters and family members rushed to the state-run SSKM Hospital where Mitra is undergoing treatment.