Odisha chit fund scam accused Prashant Das granted bail

Dhenkanal: Chit fund scam accused and Seashore Group chief Prashant Dash was today granted bail by Dhenkanal District and Sessions Court here.

The court granted bail to Dash against two sureties of Rs 2 lakh, court sources said.

Dash was arrested by Dhenkanal police on January 6, this year, a day after he was released from Jharpada Special Jail on January 5 against bail in as many as eight cases.

Dash was arrested from his Jharpada home on the basis of warrant issued by the court in connection with three cases pertaining to chit fund scam registered against him at Dhenkanal Town Police Station.

Worth mentioning, the CBI, which is probing into the mega chit fund scam, had filed a 276-page charge sheet in which it had named Prashant Dash, his brother Pravat Dash and middleman Subhankar Nayak and accused the company of swindling Rs 578.20 crores.

Notably, Prashant Dash was arrested by state Crime Branch from Mumbai on June 20, 2013, before the case was handed over to the CBI under Supreme Court order.