Gold and silver found in Seashore CMD’s locker

Bhubaneswar: The Economic Offences Wing (EOW) of the State Crime Branch (CB), which is probing the multi-crore chit fund fraud by Seashore Group, on Friday seized 1.385kg gold and one quintal silver worth more than Rs 80 lakh from the locker of the company's CMD Prashant Dash in HDFC Bank branch at Unit-8 here.
"We have seized around 1 kg and 385 gms of gold bars of various sizes from the bank locker. Besides we have recovered 1000 pieces of silver coins weighing 100 grams each, which bears the logo of Seashore Company," said BK Sharma, ADG of Crime Branch.
In comparison to the last seizure of silver coins in June this year, the recovery of this time is quite big, he added.
"We will ensure that depositors get the benefit of this seizure under the Odisha Protection of Interests of Depositors (in Financial Establishment) Act with the approval of competent authority and designated court," Sharma added.
Earlier, the EOW officials had seized 1000 silver coins (100 grams each) worth around Rs 44 lakh from Dash’s locker in the Bamikhal branch of Axis Bank here on June 29 this year.
The officials had also sealed the head office and branch offices of the scam tainted company and Das' farm houses in Angul and Puri districts.
Notably, in June, the investigating sleuths had arrested Das for cheating and illegal financial transactions.