Interim protection of Seashore CMD extended

Cuttack: The High Court on Tuesday extended the interim protection granted to Seashore CMD Prashant Dash till September 20. The Court has also granted similar relief for the group’s Subrat Dash and advance bail for five others.

Earlier in July the state Crime Branch police seized 26 bank accounts of Seashore Group following a report from the Financial Intelligence Unit (FIU) of the Ministry of Finance on February 29, 2012.

The report had sought investigation about the suspicious transaction of Seashore Securities Limited and Seashore Agricultural Promotion Company Pvt Ltd, the sister units of Seashore Group and its owner Prashant Kumar Dash.

In its report, FIU had raised suspicion over the transaction of the group’s bank accounts in several major towns of the state.

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