Srijan Scam Accused Get Bail; Charges Filed against Seven Others

Srijan scam accused being brought to a special court in Patna on Monday.

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Patna: In yet another example of bureaucratic failure and ineffectiveness, a special CBI court in Patna on Monday granted bails to three men after the CBI failed to file charges against them within the stipulated 90-day timeframe in connection with the Rs. 1000 crore Srijan scam originating in Bhagalpur.

The court granted bail to Prem Kumar, the Personal Assistant to Bhagalpur District Magistrate, Satish Kumar Jha (auditor), and one Rakesh Kumar on technical grounds after the CBI failed to charge them with any crime within 90 days after taking them into police custody.

Charges, however, were filed against seven men in the unauthorized transfer of Rs. 30.25 crore from the cooperative department to the Srijan Mahila Vikas Sahyog Samiti's bank account in the Indian Bank.

In the illegal transfer that took place between 2012 and 2014, the CBI charged Managing Director Pankaj Kumar Jha, then Accounts Manager Harishankar Upadhyay of Bhagalpur Central Cooperative Bank, former Assistant Managers Pradeep Kumar Biswas, Subrata Das, Praveen Kumar, and Shriram Krishna Jha, and Ajay Kumar Pandey, a clerk in the Indian Bank.

While Pankaj, Harishankar and Ajay have been arrested and sent to jail, other four accused in the case have gone underground since the scam surfaced earlier this year.

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