Odisha chit fund scam: CBI gets hold of Seashore Group documents

Sambad English Bureau Published On : Sep 5, 2014 at 10:46 AM Updated On : Sep 5, 2014 at 10:48 AM

Odisha Sun Times Bureau
Bhubaneswar, Sept 5:

The Odisha Crime Branch police on Thursday handed over all official documents and files of Seashore chit fund company seized by them to the CBI team inquiring into the Odisha chit fund scam.

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According to reports, the documents reveal the modus operandi of the Seashore company that had duped the people of the state to the tune nearly Rs 1500 crores with the active support of the state government.

The company had invested its capital in several government sectors, CBI sources said.

As per available information, the Crime Branch had submitted the bank accounts, cheque books, land documents, bank drafts and receipts of gold biscuits purchased from the banks and jewellery shops to the CBI 10 days ago.

Besides, the Crime Branch had also submitted a copy of the statement of Seashore chief Prasant Dash during his interrogation it had conducted earlier.

The CBI has now begun scanning all the documents related to the Seashore Group and is expected to draw up a list of individuals, who were involved with the Seashore financial fraud.

Preliminary investigation has revealed that the state government, which had partnered the Seashore Group for a number of programmes , had handed over several tourist facilities of the state to the company.

This apart, the government had also signed a MoU with the Seashore to set up an energy power plant in the state and allowed the company to set up a maize processing plant at Nabarangpur.

It is worthwhile here to mention that the Seashore company had opened 42 branches across the state and had invested in a number of projects including the Seashore group of hospitals, travel agencies, products, retail outlets, media business, credit cooperatives and multi-purpose projects.

Reliable sources said, the CBI team is finalising its plan to raid houses of certain political leaders and businessmen and summon others for interrogation over their dubious connections with the Seashore Group.