ED moves court for Seashore assets attachment

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The Enforcement Directorate, probing the multi-crore chit fund scam, on Friday moved court seeking permission to attach the Seashore Group’s properties worth Rs 9.60 crore here.

The ED formally approached the Khordha District and Sessions Judge Court to this effect.

According to sources, the seizure assets involve two plots in Bhubaneswar and Angul worth Rs 9 crore and bank deposits of Rs 60.57 lakh in name of Seashore chief Prashant Dash and his brother.

Earlier, the ED had confiscated Rs 242 crore worth of property of the tainted money circulation company.

The ED on March 31 had requested the Khordha District and Sessions Court, designated under the Prevention of Money laundering Act, 2002, to confiscate property worth Rs 242 crore of Seashore.

Daily Pioneer
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