What has surprised many is the promptness with which the TMC disciplinary committee acted after Panda’s last round of interrogation by the CBI on Monday.
Later in the day, the TMC, citing its “cooperation” with the investigation, relieved Panda from all posts.
Mitra is the fourth senior Trinamool leader arrested in the scam, after Rajya Sabha MP Srinjoy Bose, suspended MP Kunal Ghosh and Rajat Majumdar.
The resignation came just hours after CBI pleaded before the Calcutta High Court to cancel Mitra’s bail citing that he is still functioning as a cabinet minister in the state government.
In jail in connection with the Saradha scam case, Ghosh has accused the CBI of conducting an unfair investigation.
“This gentleman is a highly connected person,” a bench, comprising Justices T S Thakur and V Gopala Gowda, also said, observing that Sinh was not entitled for bail at this stage.
Despite being granted bail on Saturday – after 322 days in custody – Mitra had indicated that he wanted to be in the hospital for a few more days.
Manoranjana is accused of allegedly taking money from Saradha group chairman Sudipta Sen, misappropriation of funds, cheating and criminal conspiracy.
A series of ponzi schemes, many of which were linked to plantation schemes, including teak plantations, promised investors very attractive returns.
Mitra’s lawyers opposed the move saying that the minister was severely sick and that the central agency had questioned him on January 20, but found no fresh evidence against him.
Sibal had even pleaded that his client was ready to step down as a minister as a condition for bail. However, the bench was not convinced.
Abdul Manna, the Congress leader who had originally moved the petition for CBI inquiry in the SC, said: “It was really unfortunate to see a senior Congress leader appearing for Madan Mitra.
While the TMC immediately took up the matter with the Speaker, it later said that after Scindia’s apology, it would not pursue the matter further.
Congress Councillor Prakash Upadhyay had filed a complaint with ED in April 2014.
The agency had sought details of sources of income of the party during 2010-2013 and also the expenditure pattern.