ED attaches immovable properties worth Rs. 5.67 crores in the case of Seashore Group of Companies

Bhubaneswar: The Enforcement Directorate (ED) has issued a Provisional Attachment Order under the provisions of the Prevention of Money Laundering Act, 2002 attaching immovable properties worth Rs. 5.67 crores in the case of Seashore Group of companies, Odisha.

In this high-profile chit-fund case, Economic Offence Wing (EOW) of Crime Branch of Odisha Police filed Charge Sheet bearing No. 9 dated 22.03.2014 under Section 173 of Cr. P. C. in the court of S.D.J.M., Bhubaneswar arising out of the F.I.R. No. 39 (EOW) dated 18.7.2012.

Subsequently, an FIR was registered by the CBI, SPE, SCB, Kolkata against Seashore Group in pursuance of an order of the Supreme Court of India, wherein the Court has directed inter alia that the investigation of chit fund cases registered in different police stations in the State of Odisha be transferred from the State Police Agency to the Central Bureau of Investigation (CBI).

Seashore Group was one among the 44 cases stated in the Order of the Supreme Court of India. Subsequently charge-sheets in the case were filed by CBI, Bhubaneswar.

During the investigation, it is revealed that a part of the proceed of crime generated by Seashore Group amounting to Rs. 6.5 crores had been transferred to bank accounts of two of its beneficiaries namely Dr. Dillip Amrutlal Gudhaka and M/s. Herald Overseas Pvt Ltd (represented by its Managing Director Sri Mayuresh Dash). Hence, a Provisional Attachment Order No. 08/2021 dated 26.11.2021 has been issued, attaching immovable properties worth Rs. 5.67 Crores belonging to Dr. Dillip Amrutlal Gudhaka and Sri Mayuresh Dash.

In this case, four Attachment Orders have been issued attaching both movable and immovable properties worth Rs. 258 Crores.

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