Tag: Seashore Chit Fund Scam

Property Confiscation
Seashore Chit Fund Scam: OPID Court Directs Confiscation Of Property Worth Rs 650 Cr

Cuttack: Cracking whip on chit fund scamsters, the special Odisha Protection of Interests of Depositors (OPID) court in Cuttack on Friday directed to confiscate all movable and immovable properties belonging to the Seashore group. The court has ordered for confiscation of around 197 acres of land, 1.385Kgs of gold, 2 Quintals of silver and a […]

Chit-fund-scam
Seashore Chit Fund Scam In Odisha: CBI Re-opens Probe, IAS & IPS Officers Under Scanner

Bhubaneswar: The Central Bureau of Investigation (CBI) has re-opened the probe into the Seashore chit fund scam and interrogated one of the main accused, Subhankar Nayak. The probe agency on Friday grilled Nayak to ascertain the role of two IAS officers and one IPS officer in the scam, said sources. Nayak was earlier arrested and […]