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Chargesheet filed against Seashore

Updated: March 7th, 2015, 05:53 IST
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Bhubaneswar, March 7: The CBI Saturday filed a preliminary chargesheet against the Seashore Group of Companies, its CMD Prashant Dash, his brother Pravat Dash and middleman Subhankar Nayak in connection with the multi-crore chit fund scam.
The chargesheet filed at the special CBI court here Saturday is preliminary, and a supplementary chargesheet will be filed soon, CBI sources said.
“A preliminary chargesheet was filed to meet the deadline of filing it within 120 days. A supplementary chargesheet will be filed soon,” they added.
The 276-page chargesheet, filed by investigating officer Rabi Narayan Tripathy and senior CBI counsel Kali Charan Mishra, has accused the Seashore Group of swindling funds to the tune of Rs 578.20 crore.
Two companies – Seashore Securities and Seashore Fund Management – have been named for cheating investors and collecting money from them on the pretext of providing them high returns. The chargesheet also includes names of 13 cooperative societies run by the company.
This was the fifth preliminary chargesheet filed by the CBI in connection with the chit fund scam. The agency had earlier filed chargesheets against Artha Tatwa Group, Nabadiganta Capital Services Limited, Green India and Micro Finance Limited.
The chargesheet has slapped charges against the accused under several sections of the IPC, including 120 (B), 409, 420 of IPC and Sections 4, 5, 6 of the Prize Chit and Money Circulation (Banning) Act, 1978. Earlier, Prashant Das was arrested by the state’s crime branch from Mumbai June 20, 2013 before the case was handed over to the CBI following a Supreme Court order.
The central agency had arrested Subhankar November 18, 2014 and had seized a diary from his residence which had the names of senior police officers and bureaucrats, who allegedly received money from Seashore Group through him.

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