In the alleged multi-crore chit fund scam Seashore Group chairman-cum-managing director (CMD) Prashant Kumar Dash, was produced
before the court of SDJM, Nabarangpur here on Friday.
On the alleged fraudulent
activity and embezzlement of money through seamanchal multi purpose
co-operative ltd in periphery of Nabarangpur the town police registered a case
on 23 June 2013 under section 420, 406, 468, 471, 120(b) of IPC
and 4, 5 and 6 of the Prize, Chit and Money Circulation (banning) Scheme Act,
1978.
The district police approached the SDJM, court for his remand in
connection with it, and on 22nd June court directed to produce Dash
from Jeypore sub-jail to the court. The
SDJM, Nabarangpur denied bail to Dash citing that the investigation is under
progress a large number of investors are involved in the case, he was remanded
to Nabarangpur Jail.
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