Home BIG STORY Odisha chit fund scam accused Prashant Dash arrested once again

Odisha chit fund scam accused Prashant Dash arrested once again


Bhubaneswar: A day after getting released from jail, Odisha chit fund scam accused and Seashore Group of Companies CMD Prashant Dash was today arrested by Dhenkanal police, informed Dhenkanal SP Basanta Kumar Panigrahi.

As many as three cases pertaining to the chit fund scam were earlier registered against Dash at Dhenkanal Town police station and a warrant was issued by court on the basis of which he has been arrested from his residence at Jharpada here, the police official said.

“A team of Dhenkanal police with the help of local police arrested him. After interrogation, we will produce him before court,” he said.

On the other hand, Dash reiterated his stand on repaying the investors/shareholders of the company.

“As long as I am alive, I will make sure that all the investors and shareholders are repaid their money,” he said after the arrest.

“There is nothing wrong in this arrest. A warrant was pending against me. This had to happen someday or the other. I will move court for bail,” he said.

“If arresting me will lead to repayment, then the arrest is justified,” he added.

Dash was yesterday released from Jharpada Special Jail here after getting bail in eight cases against him.

Also read: I’ll repay investors, says Odisha chit fund scam accused Prashant Dash.

Worth mentioning, the CBI, which is probing into the mega chit fund scam, 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.

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 was lodged at Jharpada jail since then.


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