BHUBANESWAR: With a flurry of complaints filed following his arrest, Seashore Group chief Prashant Dash finds himself cornered.
At least seven more cases have been registered against him and other officials of the company in six different districts in the last three days.
Depositors, who the company calls share-holders, have registered cases at Nabarangpur, Jeypore, Koraput, Polsara, Angul, Dhenkanal and Ainthapali police stations and investigation is being taken up by the local police with assistance from the Economic Offences Wing (EOW). As of now, Dash is booked in at least nine cases across the State. In the new cases, local branch officials too have been named by the complainants.On a day when the Seashore Group made several claims of genuineness of the company and its schemes, the EOW’s investigation into the firm’s business spread across the State revealed something else.
In different districts, the company was found to have floated societies under the Cooperative Act. These societies, according to Additional Director General of Police, Crime Branch, BK Sharma, have been registered with the District Registrar of Cooperatives.
“These are all different legal entities, formed in different districts where the board of directors are different from one another. These societies are into different schemes. All this has been done very carefully,” Sharma said.In all these cases, the EOW has been coordinating investigation and monitoring the progress. It is also offering legal assistance as well as guidance to the local police in necessary matters.
Meanwhile, on the receiving-end of huge financial fraud allegations, the Group on Wednesday stated that it was taking steps for release of industrial units confiscated by the Crime Branch.
“The Orissa High Court has been moved with the plea to release the industrial units and de-freeze the accounts. As soon as the units and accounts are freed, not only the employees will get back their jobs but also the depositors get their dues,” company advocate of the Group Tushar Dutta told mediapersons at Cuttack.Refuting charges of involvement in money circulation and chit fund business, Dutta said Group was paying monthly dividend to its share-holders till July, 2012 but has not been able to make payments since the accounts, offices and units were seized and sealed by CB, Dutta said.