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Justice P D Naik granted bail to Dasgupta (55) on a personal bond of Rs 2 lakh and two solven sureties of the same amount.
The court permitted him to furnish temporary cash surety of the same amount for a period of six weeks, by which he would have to submit the solvent sureties.
Dasgupta approached the HC in January this year after a sessions court rejected his bail plea while noting that he had played a vital role in the scam and was the alleged “mastermind”.
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He is accused of having misused his official position and conniving with ARG Outlier Media, the company that runs all Republic TV channels, and with Republic TV Editor-in-Chief Arnab Goswami, to manipulate TRPs.
The Republic TV has denied any wrongdoing.