CB quizzes Seashore Group CMD
A case was registered at the Semiliguda police station this year against Dash for cheating investors
Jun 22, 2013
Source : The Pioneer


BHUBANESWAR: The Economic Offences Wing (EOW) of the State Crime Branch on Friday quizzed chairman and managing director (CMD) of Seashore Group Prashant Kumar Dash after he was brought by the EOW officials and the Semiliguda police on a six-day transit remand from Mumbai in connection with a multi-crore chit fund scam case.

Dash was taken directly to the EOW office here after his deportation from Mumbai by an Indigo flight. As a security measure, five DSPs and six inspectors of the Crime Branch and three EOW staff along with the special team of Semiliguda police were present at the airport while bringing Dash from the flight. The officials, including Crime Branch DIG interrogated him about his transactions and regarding his staying in Mumbai. He would be produced before a Semiliguda court on Saturday, the Crime Branch officials said.

The Semiliguda police would take Dash for quizzing and then the Crime Branch would take him for further interrogation, said Crime Branch DIG Rajesh Kumar, adding, “After the interrogation, truth will come out. How his company misappropriated investors’ money will also come to the fore.”

On Wednesday, the Crime Branch sleuths with the help of Mumbai police had arrested Dash from Mumbai in connection with duping small investors of around Rs 50 crore in the Semiliguda area of Koraput district. Dash was produced before the Additional Chief Metropolitan Court in Mumbai on Thursday.

According to the DIG, a case was registered at the Semiliguda police station this year against Dash for cheating investors. On the basis of a tipoff, the Semiliguda police and the EOW sleuths had camped in Mumbai for the past seven days to arrest Dash, who had been absconding, he added.

Last year, the EOW had booked Dash and five other directors of Seashore for allegedly swindling small investors of around Rs 500 crore. Notably, the Crime Branch had moved the Supreme Court seeking cancellation of Dash’s bail granted by the Odisha High Court on October 17, 2012.

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