Seashore Group into Diamond Trade
Jul 06, 2013
Source : The New Indian Express


BHUBANESWAR: The Eco­nomic Offences Wing, which is investigating the financial fraud by Seashore Group, has found that the company was also into diamond busi­ness. Seashore chief Prashant Dash, who was arrested from Mumbai last month, fre­quented the Western Indian States in connection with its diamond business too. He had visited Surat apart from operating out of Mumbai.

"Though for a brief period, Dash was into diamond busi­ness. We are trying to get details of the business,” EOW sources said. Seashore Group  was also into gold trading and the EOW has already written to Commercial Taxes and Sales Tax officials for cancellation of its permit. Besides, the Income Tax de­partment is being ap­proached far access to  a bank locker which the former has sealed following a raid last year. The locker may contain precious metals, Meanwhile, three more cases have been registered against Dash in Nayagarh  district, taking the total cases him to 14.

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