The Enforcement Directorate (ED) seems to have made thorough plans this time to trace out modes in which public money of Rs400 crore has been kept hidden by the tainted Seashore Group, a chit fund company.
According to sources, the State Crime Branch has already located sources of investment of Rs300 crore of Rs700-crore public money duped by the group.The District and Sessions Court here on Wednesday allowed the ED to take Seashore Group CMD Prashant Dash on a 14-day demand. However, Dash’s lawyer did not oppose the ED’s petition.
The Seashore Group is one of the 44 ponzi companies which have duped people thousands of crores of rupees in the State. The ED is investigating into the chit fund companies’ money laundering part as per the direction of the Supreme Court.“The ED would probe into the money trail of remaining Rs400 crore,” an official said, adding that the ED had moved the Khordha District and Sessions Court on September 19 seeking Dash’s remand.