SFIO to interrogate Odisha’s Seashore firm directors
Odisha Sun Times Bureau
Bhubaneswar, Mar 14:
The Serious Fraud Investigation Office (SFIO) will soon interrogate Ponzi firm Seashore Group’s chief and its other directors in connection with irregularities committed by the Group’s companies in violation of the company law.
“The Ministry of Corporate Affairs through a special notification has asked the Serious Fraud Investigation Office to mainly investigate frauds/violations committed by Seashore in violation of the provisions of the Companies Act,” informed Gyanalok Mohanty, counsel of SFIO.
Sources privy to the information revealed that the SFIO will soon interrogate Seashore Group chief Prasanta Dash, his brother Pravat Dash and middleman/fixer Subhankar Nayak arrested in connection with the multi-thousand crore chit fund scam in the state.
Dash, his brother Pravat and Nayak are currently lodged at the Jharpada Special Jail here.
Notably, the SFIO had earlier interrogated Ponzi firm Artha Tatwa (AT) Group chief Pradeep Sethi and three other directors of the Group at the Jharpada Special Jail here.