Seashore chit fund scam: Setback for former MP Rabindra Jena

In a setback to former BJD MP, Rabindra Jena, Orissa High Court on Monday refused to quash a CBI case filed against him in the multi-crore Seashore chit fund scam.

According to sources, the court ordered the case to be continued against the former Balasore MP.

It is being alleged that Rs 1.75 crore was transferred to Jena’s bank account by the ponzi company.

Notably, the alleged involvement of some leaders of the BJD including Jena in the multi-crore ponzi scam came to light after the national probe agency took over the case in May 2014. The Supreme Court of India had directed the CBI to investigate the matter.

In 2014, the then Banki MLA, Pravat Tripathy and Mayurbhanj MP Ramachandra Hansdah were arrested in two separate cases. 

Dharmasala MLA Pranab Balabantray, former Choudwar-Cuttack MLA, Pravat Biswal and Jena were questioned by the national probe agency in connection with the scam. 

Later in 2017, Biswal was arrested over a land transaction between his wife and Seashore Group chief, Prashant Dash.

(Reported by Goutam Panda, OTV)