Seashore CMD chased Ollywood dream, invested Rs 1cr in flick

Bhubaneswar: More skeletons are tumbling out of Seashore Group's cupboard as the Crime Branch (CB) has reportedly established links between illegal money finance and Ollywood industry.  Sources on Sunday said, Seashore Group CMD Prashant Dash has revealed before the investigating agency to have invested around Rs 1 crore in Ollywood movie – “Matira Bandhana” – during October 2010.
 
During interrogation, Dash has also divulged that he had spent a lot of money on star cast of the big-budget movie. He wanted to improve movie quality by spending on latest technology as well, sources wising anonymity said.
 
The revelations has sent the probe agency into a tizzy after reports few days back claimed that promoter of Umamani Builders, Narayan Nayak, who was arrested on charges of land fraud in Bhubaneswar had produced two big budget Ollywood movies – “Prem Rogi” and “Prema Adhei Akhyara” – under the banner of Umamani Visual Creation.
 
It was too claimed that Jagabandhu Panda, one of the directors of non-banking financial company Arthatatwa Group (AT), who was arrested in May for duping gullible investors had produced one recently released movie – “Daha Balunga.” 
 
The Economic Offences Wing (EOW) of the CB is verifying the statements of Dash, sources added.
 
Meanwhile, video footage obtained by OTV suggests how Dash had big Ollywood dreams ahead which he could not materialize due to the surfacing of multi-crore chit-fund scam.
 
During the mahurat of the film Dash had said, "Matira Bandhan means bond with the land of Odisha. We will promote such kind of movies”. 
 
Besides, the CB sleuths are trying to find out about the plans of Dash, as he had also said, “The company would try to set everything right in the film division”.
 
On Saturday, Dash told the agency officials that he had collected Rs 1000 crore from the investors across the state.
 
Notably, the CB was granted a six-day transit remand of Dash who was arrested on Wednesday in Mumbai in connection with a Rs 50 crore cheating case in Semiliguda of Koraput district. Dash is expected to be produced before the court on Monday.
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