The Seashore Investors’ and Field Employees’ Association on Wednesday alleged that chief managing director of the Seashore Group of Companies Prasant Kumar Dash was mastermind of the Rs1,700 crore scam and sought Chief Minister Naveen Patnaik’s intervention in the case.
Briefing media persons here, association convenor Bikram Keshari Burma said various money circulation schemes like preferential share, gold scheme and diamond scheme of the Seashore Group of Companies had attracted a huge number of customers. Through the schemes, the company collected a whopping Rs1,700 crore by engaging 5,000 agents through out the State assuring the customers of returning the amount in
double after maturity. But the company closed the offices at various places including its head office at Bhubaneswar.
Earlier, on many occasions, the company officials had informed depositors that the offices will be reopened and their arrears would be settled, but to no avail, alleged Burma, adding that the company even had not paid salaries to its employees for the past one year.
“The customers have been pleading with the authorities to clear their dues, but there is no body to heed them,” said association chairperson Chinmayee Burma.
She alleged that the officials are too cunning to give advertisements in leading dailies of the State assuring them of returns as promised adding that such exercises have become a part of the game plan of the company to cheat
depositors.
Earlier, the association had submitted memorandums to the Chief Secretary and the Home Secretary and urged their intervention in the case.