Home ODISHA LATEST I’ll repay investors, says Odisha chit fund scam accused Prashant Dash

I’ll repay investors, says Odisha chit fund scam accused Prashant Dash


Bhubaneswar: Chit fund scam accused and Seashore Group of Companies chief Prashant Dash today claimed that the value of assets held by the Group was much higher than what it owes to investors/shareholders and hence there is no hurdle in making repayments.

“No one has been cheated by me. Everyone will get their money. Property held by us is much higher in value than the money we owe to the people. Now that the matter is before the court, I am confident that it will definitely consider this and decide on how people will be repaid their money,” stated Dash speaking to newsmen after his release on bail from the Jharpara Special Jail here today.

“My first responsibility will be to repay money to the people and get my employees employed,” he added.

Dash, however, denied of having any political connection and wondered why Seashore was hit by tsunami after the May 29 midnight operation.

“Seashore had no political connection then, will not have any in the future. No politician has invested money in Seashore. I wonder why all of a sudden Seashore was hit by tsunami after the May 29 midnight operation,” the Seashore chief said.

When asked by reporters on whether he knew the alleged middleman named Subhankar Nayak, the Seashore chief replied in the negative.

“I do not know any Subhankar Nayak,” Dash clarified.

Dash walked out of the jail today after he was granted bail in eight cases by the High Court and subordinate courts.

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 Special Jail since then.