Tag: Seashore

Bhubaneswar: The Dhenkanal district and sessions judge today granted bail to Seashore Group chief Prashant Das against Rs 2 lakh bail bond and two sureties. A day after his release from the Jharpara circle jail here on January 5, Das was arrested again in connection with three chit fund-related cases pending with Dhenkanal police. He […]

Bhubaneswar: A day after his release from jail, Seashore Group CMD Prashant Das was arrested again from his Jharpara residence here on Saturday in connection with three chit fund cases pending with the Dhenkanal police. Das was released from the Jharpara circle jail here on Friday after getting bail in eight cases. Speaking to the […]

Cuttack: In a move likely to bring relief to the small investors duped by chit fund companies, the Orissa High Court today directed two major chit fund firms Seashore and Rose Valley Group to identify the investors and refund their money. The High Court has given two months time to the firms to complete all […]

Cuttack: The Orissa High Court today directed the Central Bureau of Investigation (CBI) to submit an up-to-date status report of a probe into alleged links between arrested BJD legislator Pravat Biswal and Seashore Group of Companies. While hearing on a bail plea moved by the Choudwar-Cuttack MLA, the court also asked the central investigating agency […]

Bolangir: At a time when scores of chit fund firms like AT & Seashore are facing CBI action with their officials cooling heels in jail for duping lakhs of innocent depositors, new ponzi firms are still emerging to target gullible investors in Odisha. As per sources, Adarsh Cooperative Societies Limited, a Gujarat-based mobile banking company […]

Bhubaneswar: Bail plea of BJD’s Choudwar-Cuttack MLA Prabhat Biswal, who was arrested by the Central Bureau of Investigation (CBI) in connection with the Seashore chit fund scam, was rejected by the Special CJM CBI court today. Biswal’s counsel Anup Senapati had sought bail in the court on health grounds. According to sources, CBI’s counsel argued […]

Cuttack: The Orissa High Court today granted conditional bail to Seashore owner Prashant Das, who has been lodged in the Jharpara circle jail after his arrest by the CBI four years ago for alleged involvement in chitfund scam in the State. The court asked Prashant to submit his passport and take permission of the Investigating […]

Bhubaneswar: The Supreme Court today granted bail to Pravat Das, director and brother of the Chief Managing Director (CMD) of the Seashore Group of companies in the multi-crore chit fund scam case. Hearing the bail plea of Das, the Supreme Court criticised the Central Bureau of Investigation (CBI) for its slow pace of probe into […]

Bhubaneswar:  A day after the Central Bureau of Investigation (CBI) raided the Balasore and New Delhi residences of BJD’s Lok Sabha MP Rabindra Jena in connection with Seashore chit fund scam, Jena moved the Orissa High Court on Friday seeking anticipatory bail. Jena mentioned in his plea that the Central agency is ‘deliberately’ putting him […]

Bhubaneswar: Intensifying its probe into multi-crore Seashore chit fund scam, the Central Bureau of Investigation (CBI) on Thursday conducted simultaneous raids at 25 places in and outside Odisha. According to reports, the central probe agency is also searching house of Balasore MP Rabindra Jena for his nexus with the ponzi firm. Also read: Seashore scam: […]

Bhubaneswar: Balasore MP Rabindra Jena is likely to appear before Central Bureau of Investigation (CBI) today for his alleged links with multi-crore chit fund scam. The CBI had served notice to the BJD MP from Balasore on January 9 asking him to appear before it today. Earlier, Jena had also appeared before the central probe […]

Bhubaneswar: As part of its probe into multi-crore Seashore chit fund scam, Central Bureau of Investigation (CBI) on Monday served notice to Balasore MP Rabindra Jena asking him to appear before it on January 12. Earlier, Jena had also appeared before the central probe agency for his alleged nexus with the tainted ponzi firm. This […]

Bhubaneswar: Central Bureau of Investigation (CBI) on Saturday summoned senior BJD leader and Balasore MP Rabindra Jena and MLA Prabhat Biswal’s wife Bilasini Biswal in connection with multi-crore Seashore chit fund scam. According to sources, the central probe agency has summoned the duo asking them to appear before it within two days. Also read: AT […]

Bhubaneswar: Almost three months after it came to fore that a huge amount of money was sent to the bank account of ex- MP Pradeep Majhi’s father Bhagwan Majhi, also a former parliamentarian, the ruling Biju Janata Dal (BJD) on Tuesday lodged a formal complaint before the Central Bureau of Investigation (CBI) alleging the involvement […]

Former Cuttack District Working President Prafulla Singh was quizzed by the Central Bureau of Investigation (CBI) sleuths for five hours at the agency’s office here