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Tag: Seashore

Chit fund scam: Seashore CMD Prashant Das granted bail

Bhubaneswar: The Dhenkanal district and sessions judge today granted bail to Seashore Group chief Prashant Das against Rs 2 lakh bail bond and two sureties. A day after his release from the Jharpara circle jail here on January 5, Das was arrested again in connection with three chit fund-related cases pending with Dhenkanal police. He […]

  • Friday, 23 July 2021
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Chit fund scam: Seashore chief Prashant Das arrested again

Bhubaneswar: A day after his release from jail, Seashore Group CMD Prashant Das was arrested again from his Jharpara residence here on Saturday in connection with three chit fund cases pending with the Dhenkanal police. Das was released from the Jharpara circle jail here on Friday after getting bail in eight cases. Speaking to the […]

  • Friday, 23 July 2021
HIgh Court Chitfund
HC directs Seashore, Rose Valley to refund money of depositors in 2 months

Cuttack: In a move likely to bring relief to the small investors duped by chit fund companies, the Orissa High Court today directed two major chit fund firms Seashore and Rose Valley Group to identify the investors and refund their money. The High Court has given two months time to the firms to complete all […]

  • Friday, 23 July 2021
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HC asks CBI to submit probe status report on Pravat Biswal’s arrest

Cuttack: The Orissa High Court today directed the Central Bureau of Investigation (CBI) to submit an up-to-date status report of a probe into alleged links between arrested BJD legislator Pravat Biswal and Seashore Group of Companies. While hearing on a bail plea moved by the Choudwar-Cuttack MLA, the court also asked the central investigating agency […]

  • Friday, 23 July 2021
Chit fund scare returns to haunt depositors

Bolangir: At a time when scores of chit fund firms like AT & Seashore are facing CBI action with their officials cooling heels in jail for duping lakhs of innocent depositors, new ponzi firms are still emerging to target gullible investors in Odisha. As per sources, Adarsh Cooperative Societies Limited, a Gujarat-based mobile banking company […]

  • Friday, 23 July 2021
BJD MLA Prabhat Biswal’s bail plea rejected

Bhubaneswar: Bail plea of BJD’s Choudwar-Cuttack MLA Prabhat Biswal, who was arrested by the Central Bureau of Investigation (CBI) in connection with the Seashore chit fund scam, was rejected by the Special CJM CBI court today. Biswal’s counsel Anup Senapati had sought bail in the court on health grounds. According to sources, CBI’s counsel argued […]

  • Friday, 23 July 2021
HC grants conditional bail to Seashore chief Prashant Das

Cuttack: The Orissa High Court today granted conditional bail to Seashore owner Prashant Das, who has been lodged in the Jharpara circle jail after his arrest by the CBI four years ago for alleged involvement in chitfund scam in the State. The court asked Prashant to submit his passport and take permission of the Investigating […]

  • Thursday, 22 July 2021
Seashore scam: SC grants bail to director Pravat Das

Bhubaneswar: The Supreme Court today granted bail to Pravat Das, director and brother of the Chief Managing Director (CMD) of the Seashore Group of companies in the multi-crore chit fund scam case. Hearing the bail plea of Das, the Supreme Court criticised the Central Bureau of Investigation (CBI) for its slow pace of probe into […]

  • Thursday, 22 July 2021
Rabindra Jena
Seashore scam: MP Rabindra Jena seeks anticipatory bail

Bhubaneswar:  A day after the Central Bureau of Investigation (CBI) raided the Balasore and New Delhi residences of BJD’s Lok Sabha MP Rabindra Jena in connection with Seashore chit fund scam, Jena moved the Orissa High Court on Friday seeking anticipatory bail. Jena mentioned in his plea that the Central agency is ‘deliberately’ putting him […]

  • Wednesday, 21 July 2021
CBI
Seashore scam: CBI raids 25 places in and outside Odisha

Bhubaneswar: Intensifying its probe into multi-crore Seashore chit fund scam, the Central Bureau of Investigation (CBI) on Thursday conducted simultaneous raids at 25 places in and outside Odisha. According to reports, the central probe agency is also searching house of Balasore MP Rabindra Jena for his nexus with the ponzi firm. Also read: Seashore scam: […]

  • Wednesday, 21 July 2021
Rabindra
Seashore scam: MP Jena likely to appear before CBI today

Bhubaneswar: Balasore MP Rabindra Jena is likely to appear before Central Bureau of Investigation (CBI) today for his alleged links with multi-crore chit fund scam. The CBI had served notice to the BJD MP from Balasore on January 9 asking him to appear before it today. Earlier, Jena had also appeared before the central probe […]

  • Wednesday, 21 July 2021
Rabindra
Seashore scam: CBI serves notice to Balasore MP

Bhubaneswar: As part of its probe into multi-crore Seashore chit fund scam, Central Bureau of Investigation (CBI) on Monday served notice to Balasore MP Rabindra Jena asking him to appear before it on January 12. Earlier, Jena had also appeared before the central probe agency for his alleged nexus with the tainted ponzi firm. This […]

  • Wednesday, 21 July 2021
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Seashore scam: CBI summons MP Rabindra Jena, MLA Prabhat Biswal’s wife

Bhubaneswar: Central Bureau of Investigation (CBI) on Saturday summoned senior BJD leader and Balasore MP Rabindra Jena and MLA Prabhat Biswal’s wife Bilasini Biswal in connection with multi-crore Seashore chit fund scam. According to sources, the central probe agency has summoned the duo asking them to appear before it within two days. Also read: AT […]

  • Tuesday, 20 July 2021
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Chitgate: BJD turns heat on father of Pradeep Majhi

Bhubaneswar: Almost three months after it came to fore that a huge amount of money was sent to the bank account of ex- MP Pradeep Majhi’s father Bhagwan Majhi, also a former parliamentarian, the ruling Biju Janata Dal (BJD) on Tuesday lodged a formal complaint before the Central Bureau of Investigation (CBI) alleging the involvement […]

  • Tuesday, 20 July 2021
PRAFULLA SINGH
CBI grills BJD leader Prafulla Singh for 5 hrs

Former Cuttack District Working President Prafulla Singh was quizzed by the Central Bureau of Investigation (CBI) sleuths for five hours at the agency’s office here

  • Tuesday, 20 July 2021
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Chitgate: Minister's aide among two BJD men grilled by CBI

Bhubaneswar: The Central Bureau of Investigation (CBI) officials on Friday interrogated two BJD functionaries, including a ‘close associate’ of senior BJD leader and School and Mass Education minister Debi Prasad Mishra, for their alleged involvement in the multi thousand crore chit fund scam. Sources said Dillip Mishra, the man who looks after the minister’s political […]

  • Tuesday, 20 July 2021
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Seashore appointed Pradeep Majhi’s brother as commission agent!

A day after money transfer from the bank account of Seashore to the account of Bhagaban Majhi, father of former MP and Congress leader Pradeep Majhi, came to the fore, a letter issued by Seashore Agricultural Promotion Company appointing Prasanna Majhi, younger brother of Pradeep, as its commission agent has created more ripples in political circles in the State

  • Tuesday, 20 July 2021
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Seashore transferred Rs 35 lakh to a/c of Pradeep Majhi’s father!

Bhagaban Majhi, former Rajya Sabha member and father of Congress leader and former Nabarangpur MP Pradeep Majhi, has joined the long list of politicians under the scanner for their links with chit fund companies with fresh revelations pointing to suspicious transfer of about Rs 1 crore to his bank account, including an amount of Rs 35 lakh transferred by a subsidiary of tainted chit fund firm Seashore, in 2010 and 2011

  • Tuesday, 20 July 2021
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CBI to grill Seashore chief, brother again today

Bhubaneswar: As part of its probe into the multi-crore chit fund scam in the state, the Central Bureau of Investigation (CBI) will interrogate Seashore Group CMD Prashant Kumar Dash and his brother Prabhat Dash in Jharpada jail here for the second consecutive day on Sunday. The Central investigation agency had grilled the duo at the […]

  • Tuesday, 20 July 2021
Prashant
CBI interrogates Seashore chief, brother in Jharpada jail

Bhubaneswar: Officials of Central Bureau of Investigation (CBI) on Saturday interrogated Seashore Group CMD Prashant Kumar Dash and his brother Prabhat Dash in Jharpada jail, in connection with the Group’s multi crore chit fund scam. Jail authorities said the investigating agency will also interrogate Subhankar Nayak, an alleged conduit between the Ponzi firm and political […]

  • Tuesday, 20 July 2021
CBI-BBSR
Politicians, babus jittery over CBI final charge sheet in Seashore case

With the CBI indicating that it is going to file the final charge sheet in the Seashore case in the next 3-4 days, several political leaders - many of them belonging to the ruling party - and their associates are spending sleepless nights wondering if their names would figure in it

  • Tuesday, 20 July 2021
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CBI raids houses of Seashore CMD, woman director

Intensifying its probe into the multi-crore chit-fund scam, the Central Bureau of Investigation (CBI) on Thursday raided the residences of Seashore CMD Prashant Das at Laxmisagar in Bhubaneswar and Angul

  • Monday, 19 July 2021
SUBHANKAR
Seashore case: HC rejects Subhankar's bail plea

The Odisha High Court on Thursday rejected the bail plea of Subhankar Nayak, who has been arrested for his involvement in the Seashore chit fund scam

  • Monday, 19 July 2021
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Seashore had no IPS or IAS links: Prashant Dash

Bhubaneswar: A week after the Central Bureau of Investigation (CBI) interrogated IPS officers- RP Koche and Sanjib Panda in connection with their alleged involvement in Seashore Group of Companies, its CMD Prashant Dash on Thursday said the company had no business links with any bureaucrats. Responding to media queries after a routine deposition before a […]

  • Monday, 19 July 2021
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IG Sanjeeb Panda quizzed by CBI on Seashore links

A day after IG Central Range RP Koche was quizzed by the Central Bureau of Investigation (CBI)about his alleged links with chit fund company Seashore, another senior IPS officer Sanjeeb Panda was questioned by a team of the Central investigating agency in connection with the same case on Thursday

  • Monday, 19 July 2021
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Chit-fund scam: IG Central Koche quizzed by CBI

Intensifying its probe into the multi-crore chit-fund scam in Odisha, the Central Bureau of Investigation (CBI) on Wednesday quizzed IG, Central range RP Koche about his alleged connections with the Seashore Group of Companies

  • Monday, 19 July 2021
SC
SC rejects Seashore director Prabhat Das’ bail plea

New Delhi/Bhubaneswar: The Supreme Court today rejected the bail petition of Seashore CMD Prashant Das’ brother Prabhat while directing the Central Bureau of Investigation (CBI) to complete the probe related to Prabhat by the end of May. Prabhat was the director of Seashore Securities Ltd, one of the sister concerns of Seashore Group of Companies, […]

  • Monday, 19 July 2021
Seashore scam: CMD's brother Pravat Das sent to 7-day CBI remand

The Special CJM (CBI) Court granted the Central Bureau of Investigation (CBI) a seven-day remand of Pravat Dash, brother of Seashore group CMD Prasant Dash, who was arrested today by the Central agency

  • Friday, 16 July 2021
Chitgate: ED attaches Seashore property worth Rs 84 cr

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

  • Friday, 16 July 2021
Chitgate: Retd IAS officer PK Hota, son grilled by CBI

Retired IAS officer PK Hota and his son Debashis were interrogated by the Central Bureau of Investigation (CBI) sleuths on Saturday in connection with their alleged complicity in multi-crore Seashore chit fund scam

  • Friday, 16 July 2021
CBI quizzes two Health officials over Seashore link

Bhubaneswar: In its bid to unearth the affairs of Seashore with the Health and Family Welfare department, CBI today questioned two if its section officers about the ponzi company managing a few primary health centres (PHCs) in the State. The duo appeared at the office of the Central probe agency this morning with all the […]

  • Friday, 16 July 2021
Odisha ponzi case: ED attaches Rs 157cr assets of Seashore

The Enforcement Directorate (ED) on Wednesday attached properties worth Rs 158 crore of Seashore Group, which allegedly duped depositors of crores in Odisha, under Prevention of Money Laundering Act

  • Friday, 16 July 2021
Interrogation of arrested bizman Nayak continues

Interrogation of arrested businessman Shubhankar Nayak continued for second day on Thursday in connection with Seashore chit fund scam

  • Friday, 16 July 2021
Seashore CMD's son appears before CBI

Pradeep Dash, son of Seashore CMD Prashant Dash, appeared before the Central Investigation Bureau (CBI) sleuths on Wednesday for second time for questioning

  • Friday, 16 July 2021
Odisha Govt Initiates Process For Refund Of Money To Small Chit Fund Depositors In Balasore
Odisha Govt Initiates Process For Refund Of Money To Small Chit Fund Depositors In Balasore

Balasore: The State government has initiated process to refund the small depositors duped in the high-profile chit fund scam in Odisha. The government has decided to return the money to the small depositors in Balasore district by the end of February. The depositors have been asked to submit their indemnity bond or details of bank […]

  • Monday, 05 April 2021
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