Seashore Group chairman-cum-managing director Prashant Das
BHUBANESWAR/KORAPUT: The Crime Branch (CB), probing the multi-crore fraud by controversial Seashore Group, said it is still groping in the dark about Rs 1,000 crore, which the money circulation company allegedly diverted to other businesses.
"While the company collected around Rs 1,500 crore from the public it paid only around Rs 200 crore as maturity money to investors. Deposits in the company's frozen accounts would amount to around Rs 6 crore," said a senior CB officer. Company's CMDPrasant Dash is tightlipped about the diversion of public investments, the officer said. Sub-divisional judicial magistrate of Koraput S K Patnaik rejected the bail petition of Dash on Tuesday. In a related development, the Congress on Tuesday removed realtor Gayadhar Jena from its OBC cell. Jena, who was arrested here on Monday for allegedly cheating land buyers of lakhs of rupees, was appointed vice-chairman of OBC cell in October, 2012.