Chit-fund scam: ED attaches immovable properties of Seashore Group

Bhubaneswar: The Enforcement Directorate (ED) has issued a provisional attachment order under the provisions of the Prevention of Money Laundering Act, 2002 to attach immovable properties worth Rs 5.67 crore of Seashore Group of companies, Odisha.

In the chit-fund case, the Economic Offence Wing (EOW) of Crime Branch of Odisha Police had filed charge sheet bearing No. 9 dated 22.03.2014 under Section 173 of CrPC in the court of SDJM, Bhubaneswar. The FIR No. 39 (EOW) was filed on July 18, 2012.

Subsequently, an FIR was registered by CBI against Seashore Group in pursuance of an order of Supreme Court of India. In its order, the apex court directed that the investigation of chit fund cases registered in different police stations in Odisha be transferred from the State Police to CBI.

Seashore Group was one among the 44 cases stated in the order of the Supreme Court. Subsequently charge-sheets in the case were filed by CBI, Bhubaneswar.

During the course of investigation, it was found out that a part of the proceed generated by Seashore Group amounting to Rs 6.5 crore had been transferred to bank accounts of two of its beneficiaries namely Dillip Amrutlal Gudhaka and M/s Herald Overseas Pvt Ltd (represented by its Managing Director Mayuresh Dash).

The ED today issued a provisional attachment order No. 08/2021 dated 26.11.2021 attaching immovable properties belonging to Dillip Amrutlal Gudhaka and Mayuresh Dash.

So far, four attachment orders have been issued in the case attaching both movable and immovable properties worth Rs 258 crore.