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Odisha chit fund scam: Saradha chief, Seashore CMD to be produced before court on Monday

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Reported by Santosh Jagdev
Bhubaneswar, Nov 9:

The chief of the Kolkata-based chit fund firm Saradha Group Sudipto Sen and director Debjani will be produced before the Odisha Special CBI Court here on Monday.

Sudipta Sen on his way to Jharpara jail, Bhubaneswar
Sudipta Sen on his way to Jharpara jail, Bhubaneswar

The Court, in its October 28 order, had postponed their earlier appearance date of October 27 to November 10 and asked the Bhubaneswar Deputy Commissioner of Police (DCP) to produce Sen and Debjani for hearing in the Odisha chit fund scam case.

Sources said there are allegations that Saradha Group has duped Odisha investors of around Rs 100 crore.

At the same time, the Enforcement Directorate (ED) will produce the CMD of the Seashore Group Prashant Dash before the Khordha District and Sessions Court here tomorrow following his health check up at the Capital Hospital.

Prashanta Dash, CMD, Seashore Group
Prashanta Dash, CMD, Seashore Group

The same court on October 28 had allowed the ED to take Dash on a 14-day remand for interrogation to trace the money trail. The remand period ends tomorrow.

The ED had requested the court on September 19 to allow it to take Dash on remand. Then the court in turn had asked the Jeypore jail authorities to produce Dash before it.

The Chief Judicial Magistrate’s court Jeypore on October 24 had allowed Dash to be produced before Khordha District and Sessions Court on October 28.

It mat be recalled here that Dash was arrested from Mumbai on June 19, 2013 and has been implicated in 37 cheating cases in various police stations across the state for duping thousands of investors of Rs 700 crore by promising hefty returns.