1000 silver coins of Seashore Group seized from Axis Bank in Bhubaneswar

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Seashore 100 kg silver coinBhubaneswar: The Economic Offences Wing (EOW) of Crime Branch on Saturday seized 100 kg of silver coin from the personal bank locker of the arrested Seashore Group CMD Prashant Dash. Informing about the seizure, Rajesh Kumar, DIG, Crime Branch said, “The investigating sleuths have confiscated 1000 silver coins worth around Rs 44 lakh from Dash’s personal locker at Axis Bank, Bomikhal branch. Each silver coin is weighing 100 gm and has the logo of Seashore Group embossed on it.”

Earlier in the day, the Sub-Divisional Judicial Magistrate (SDJM), Jeypore rejected the bail plea of Dash and sent him to judicial custody for 14 days. Notably, on the basis of an FIR filed at Jeypore Town police station by Tapan Kiran Tripathy and others who had leveled allegations of cheating, the cops have registered a case under various Sections of the IPC and Sections 4, 5, and 6 of the Prize Chit and Money Circulation (banning) Scheme Act, 1978. In a related development, the Sahadevkhunta police took Artha Tatwa (AT) Group chief Pradeep Sethi on two-day remand today. The cops will quiz Sethi for allegedly cheating investors on the pretext of paying them returns at inflated interest rates. It has been alleged that Sethi had fraudulently collected more than Rs 15 crore through the company’s Balasore branch.

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