19/11/2015 9:05 AM IST | Updated 15/07/2016 8:25 AM IST

Saradha Scam Accused Madan Mitra Resigns From Ministerial Post

Hindustan Times via Getty Images
KOLKATA, INDIA - DECEMBER 13: Madan Mitra, West Bengal Transport Minister (Trinamool Congress) being taken to the Alipore court from the CBI office, at Saltlake on December 13, 2014 in Kolkata, India.. He has been arrested in connection with the multi-crore Saradha chit fund scam. Thousands of investors allegedly lost over INR 200-300 billion when Saradha chit fund group collapsed in April 2013. (Photo By Subhankar Chakraborty/Hindustan Times via Getty Images)

KOLKATA -- West Bengal Transport Minister Madan Mitra, who is an accused in the Saradha Chit-fund scam, resigned from his post on Wednesday.

The Calcutta High Court on November 5 had ordered Mitra to be kept under house arrest till November 17. The TMC leader had got a bail in this case by an Alipore court on October 31.

The court had also questioned how the lower court granted the bail to him when the High Court refused it in August.

CBI had arrested Mitra in connection with the scam in December last year.

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