Bhubaneswar: Tightening its noose around Seashore group in the multi-crore chit fund scam, the Enforcement Directorate (ED) today attached the company’s properties worth Rs 84 crore.
Under the Prevention of Money Laundering Act-2002, the agency attached the assets of the firm headed by Prashant Dash. A case under the Act was registered against Dash and others earlier in June.
ED sources said while land worth Rs 73 crore was attached, the list involves Rs 9 crore which was found during investigation to be donated to Bhubaneswar Institute of Technology (BIT).
The agency too attached the group’s bank account with Rs 3.25 crore deposit, the sources added.
Earlier in December last, the agency had attached Rs 158 crore worth of property belonging to the company which is a major player in the chit fund scam in the State.
The immovable assets of the company included land bought by Dash in Angul, Bhadrak, Puri and Mayurbhanj districts, the firm’s corporate office and 10 flats at Bhubaneswar. Besides, two factories in Mayurbhanj and Khurda districts were part of the attachment list.
That apart, at least two quintals of silver coins and 1.38 kg of gold coins worth about Rs 1.1 crore were also attached.
During investigation, ED found that Dash had floated 24 companies and 12 co-operative societies through which it duped thousands of investors by floating deposit schemes promising high returns.