In its bid to trace the money trail in the chitfund scam in Odisha, the Enforcement Directorate (ED) today moved a local court seeking to take ponzi company Seashore Group's CMD Prashant Dash on remand.
The ED moved the district sessions court, Khurda in this regard today, sources said adding that the court has fixed September 24 for hearing the matter.
Dash is presently lodged in Jeypore jail in Koraput district for allegedly cheating investors of their money.
"We need to interrogate Dash in order to get information regarding utilisation of about Rs 1,700 crore collected by Seashore Group from the investors," a senior official at the local ED office said adding that Seashore was among the 44 ponzi companies whose activities were being probed by the CBI as per order of the Supreme Court.
Meanwhile, the Crime Branch of Odisha Police, which was probing the chit fund scam involving Seashore Group before the CBI came into the picture, has handed over bank accounts, cheque books, land documents, bank drafts and receipts of gold biscuits purchased from the banks and jewellery shops to the central investigating agency.
The Crime Branch also submitted a copy of the statement of Seashore chief Prashant Dash during his interrogation it had conducted earlier, police said.
Seashore Group had as many as 42 branches across the state and had invested in a number of projects including the hospitals, travel agencies, products, retail outlets, media business, credit cooperatives and multi-purpose projects.
