HC grants conditional bail to Seashore CMD in 3 cases
KalingaTV News Network
Cuttack: The Orissa High Court today granted bail to Seashore Group of Companies CMD Prashant Dash in at least three cases.
Informing on the High Court decision, Dash’s counsel Suresh Tripathy said the bails were allowed in separate cases lodged at different police stations in Jajpur, Nabarangpur and Titilagarh districts. However, he added that the High Court bench hearing in the chit fund scam put some conditions for the bail.
With the High Court decision today, the Seashore CMD has so far succeeded in getting bails in all six cases stacked against him pertaining to the Seashore chit fund scam. Earlier, a Bench of Justice C R Dash granted him conditional bail in at least three cases lodged under different police stations in Koraput, Jeypore and Semiliguda districts on May 8.
The Seashore CMD was caught by the CBI from Mumbai in December 2013 for allegedly duping gullible investors of over Rs 500 crore on promise of hefty return.