Bhubaneswar: The Economic Offence Wing (EOW) of the Crime Branch (CB) of Odisha Police today sought permission from the state government to attach properties of a ponzi company which allegedly duped lakhs of depositors by luring them with high return on their investments.
“We have requested the state government to issue interim attachment order under Section 3 of the Odisha Protection of Interests of Depositors (in Financial Establishments) Act, 2011 so that properties of the Seashore Group can be liquidated and returned to the duped investors,” ADG (Crime Branch) B K Sharma told reporters here.
Sharma said this after EOW submitted several files concerning the Seashore Group in connection with the multi-crore chit fund scam to the state finance department.
During investigation into the scam, it was found that at least nine companies were operating under the Seashore Group, he said.
The EOW has submitted the property documents of the group’s STV Samachar, Soubhagya Drinks, Seashore Dairy Products and six others, Sharma said, adding a list of machineries, fittings and equipments belonging to the companies, has also been send for the government’s nod.
“Besides, some buildings and apartments owned by the company, we have also mentioned about the group’s 203 acres of land located in 17 different locations across the state,” Sharma said.
“The company’s bank balance to the tune of Rs 2 crore and its Rs 3 crore security deposit with the state owned Industrial Infrastructure Development Corporation of Odisha (IDCO) and Odisha Renewable Energy Agency (OREDA), have also been enlisted in the liquidation proposal,” he said.
Seashore Group had earlier entered into an agreement with OREDA for establishment of a solar power plant at Titilagarh, while a land deal was made between IDCO and the group for setting up of a maize processing unit on over 100-acre of land in Umerkote block of Nabrangpur district.
Additional chief secretary (finance) U N Behera said, “We have received a proposal for attachment of properties of the Seashore Group from EOW. We hope an attachment order will be prepared and sent to the ADM who is the designated authority to undertake attachment of properties, after government’s approval.”
Seashore group CMD Prashanta Kumar Dash was arrested from Mumbai in June last and is behind bars. As many as 37 cases have been registered against him by the police in different places of Odisha.