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HC grants conditional bail to AT Group’s Ex-director

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Cuttack: The Orissa High Court (HC) on Monday has granted conditional bail to Artha Tatwa (AT) Group’s former director Jyotiprakash Jayprakash in connection with multi-crore chit fund scam in Odisha.

The bail has been granted by Justice AK Nayak on certain conditions including a bank deposit worth Rs 2 crore and RS 2 lakh as bail bond with 2 sureties. However in another condition, Jyotiprakash have to deposit his passport in custody of the HC and will not provoke any witness.

Notably, the AT Group former director has moved to HC for seeking bail after Khurda District and Sessions Court rejected his bail plea for the same in the year 2015.

Earlier, on August 24, 2014 Central Bureau of Investigation (CBI) had arrested Jayprakash for alleged involvement in AT Group’s multi-crore chit fund scam.

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