Observing that there has been ‘no change in circumstances’ ever since the rejection of the bail application of Pravat Dash, the younger brother of Seashore Group of Companies CMD Prashant Dash; the Orissa High Court on Wednesday once again rejected the bail application of the former.
Pravat, one of the directors of the company, was arrested by the Crime Branch police in 2014 for his alleged role in duping the company’s hundreds of investors of around Rs 1,200 crore. But a lower court had granted him bail which was recalled by the High Court once the CBI, which had in the meantime taken up the investigations of the case.
Subsequently, the HC had also rejected a bail application of Pravat in August 2015. Rejecting the fresh application of the petitioner on Wednesday, Justice JP Das observed that there has been no change in the circumstance ever since.