After hearing both the defence and the prosecution, Additional Chief Judicial Magistrate Haradhan Mukherjee sent Mitra to judicial custody.

Mitra, a top Trinamool Congress leader and close associate of Chief Minister Mamata Banerjee, was presented before the court of Chief Judicial Magistrate (Alipore) amid heavy security during the day following his December 12 arrest by the Central Bureau of Investigation (CBI) on various charges including conspiracy and misappropriation of funds.

Following a ruckus created by Trinamool Congress activists during Mitra's December 13 court hearing, the CBI wrote to the city and the Bidhannagar police seeking adequate security measures to prevent the recurrence of any commotion.

On a backfoot following the arrest of minister Madan Mitra in Saradha chit fund scam, senior Trinamool Congress leader and Parliamentary Affairs Minister Partha Chatterjee questioned why the CBI is not arresting CPI(M) leaders during whose rule such companies mushroomed in the state.
Those involved in mushrooming of chit fund business in Bengal were now taking out rallies and shedding crocodile tears, Chatterjee said without naming the CPI(M).
After meeting Governor K N Tripathi, he said, "The Supreme Court has asked the CBI to investigate the scam. But in the name of investigation, the CBI is arresting only TMC leaders. If they feel that TMC leaders are culprits let them chargesheet them. But the CBI is being used to crush our prestige."
"We have said that money should be returned to all people who have lost their deposits since 1980's in chit funds. Why the people under whose rule chit fund business started in state were not arrested?"
Chatterjee who was accompanied by other state ministers, said they talked to the governor on several issues.
"We talked about the way our minister Madan Mitra has been arrested by CBI. The governor said neither he nor the Raj Bhawan knew about the arrest. Just like our chief minister and Assembly speaker were kept in dark about the arrest," he said.

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