According to media reports, Pravat Dash was summoned by the investigating agency for questioning, which later found him swindling funds worth Rs 3 crore. It was reported that funds were misappropriated by Pravat, as Rs 3 crore was transferred to his account. CBI has charged him with criminal conspiracy and financial misappropriation.
On January 9, the Enforcement Directorate (ED) attached Seashore Group’s property worth Rs 84 crore. According to ED investigations, Prashant, chief of Seashore Group, had floated 24 companies and 12 co-operative societies, and these companies duped may investors with promising high returns.