Cuttack: In a huge relief for Seashore Group of Companies CMD Prashant Dash, who was arrested in connection with chit fund scam, the Orissa High Court today granted him conditional bail.
Dash has been directed by the court to submit his passport and seek permission from the investigating officers before leaving the state.
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. He has been lodged at Jharpada jail in Bhubaneswar since then.
The CBI 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.