Chit fund scam: Preliminary chargesheet filed against Seashore group

The CBI Saturday filed a preliminary chargesheet against the Seashore chit fund group of companies accusing it of swindling investors of Rs 578.20 crore.

The 276-page chargesheet, however, did not name any politicians and bureaucrats who have been interrogated by the agency. It only names the Seashore chief Prashant Dash, his brother Pravat Dash and Subhankar Nayak.

The chargesheet has also accused two companies- Seashore Securities and Seashore Fund Management- of cheating investors and collecting money from them after promising high returns.

CBI officials have also slapped charges against 13 cooperative societies run by the company. The chargesheet contains the depositions of 456 witnesses. All the accused have been booked under several sections of the IPC.

Source:: Indian Express