Debjani Mukherjee, an accused in the multi-crore Saradha chit fund scam, was granted bail by the Calcutta High Court on Saturday in one of several criminal cases against her.
Mukherjee, a director in the Saradha Group of companies, is a co-accused with its promoter Sudipto Sen, and the two were arrested in 2013.
A division bench of Acting Chief Justice Rajesh Bindal and Justice Arijit Banerjee granted Mukherjee bail on the condition that she submit a Rs 2 lakh bond with two Rs 1 lakh sureties, one of whom must be a local.
Mukherjee will be continue to be behind the bars as she has not yet gotten bail in other states where she is facing charges.
Saradha group allegedly cheated thousands of people by promising high returns on investments in its illegal schemes.