Calcutta High Court grants bail to two in Rs 50 crore crypto case

Kolkata: Calcutta High Court on Friday granted bail to two of the three accused in a cryptocurrency case involving transactions worth more than Rs 50 crore and links with China.

Justice Chaitali Chatterjee (Das) granted bail to Sourav Kar and Dhiman Bhattacharjee on the grounds of remote possibility of conclusion of trial. They were in custody for more than a year and eight months. Out of 29 witnesses, only three were examined till date. The court also took into account that the co-accused was granted bail.

Kar and Bhattacharjee were granted bail on a Rs 30,000 bond, with two sureties of like amount each, one of whom must be local. They were directed to appear before the trial court on every date of hearing until further orders and not intimidate witnesses or tamper with evidence, or commit any cognisable offence in any manner whatsoever.