Chit Fund Scam: Seashore Chief Prashant Das Released From Jail

Bhubaneswar: Seashore Group CMD Prashant Das, who was arrested in connection with the multi-crore chit fund scam in the state, was released from the Jharpara circle jail after getting bail in eight cases.

Sources said Das, the main accused in the Seashore chit fund scam, was granted bail in cases registered against him by the CBI and at district level. He was released from the jail at around 1pm today.

Dash walked out of the jail after being granted bail in eight cases registered by CBI and Crime Branch at different stages.

In 2013, Dash was arrested by the crime branch sleuths from Mumbai for allegedly duping Rs 578.20 crores from thousands of investors across the state.

However, the investigation of the case was handed over to CBI following a Supreme Court order. Since then Dash had been lodged at the Jharpada jail in the State capital.

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