Saradha scam: SC dismisses former minister Matang Sinh's bail plea

He was charged with cheating and misappropriation of funds related to Saradha Realty

New Delhi

: In a blow to former union minister and Congress leader Matang Sinh, the Supreme Court on Friday dismissed his bail plea in connection with the multi-crore Saradha Group chit-fund scam.

The Central Bureau of Investigation had earlier arrested Manoranjana Singh, ex-wife of Matang Sinh, and businessman Shantanu Ghosh in regards with the same case.

According to sources, Manoranjana allegedly took a staggering Rs 25 crore from Saradha Group chit-fund kingpin Sudipto Sen for selling off his channel.

Matang who is already under judicial custody in connection with the scam, was arrested in January this year.