PK Hota was the Managing Director of Agriculture Promotion and Investment Corporation of Odisha Ltd (APICOL). He also served in the Agriculture Department of Odisha as an Additional Secretary. His houses were raided by the CBI in Bhubaneswar and Cuttack on November 19, 2014. Former APICOL Chairman BK Rath’s house in Titlagarh was also raided on the same day.
Seashore Group had invested in many sectors in Odisha, including Tourism, Finance, Health, Agri-processing, cooperative, gold trade etc. It is believed that some of the officials were in collusion with Seashore MD Prashant Dash to grant him undue favor.