Chit fund scam: CBI arrests Seashore Group Director Pravat Kumar Dash

NEW DELHI: CBI today arrested Seashore Group of companies Director Pravat Kumar Dash in connection with its probe into multi-crore chit fund scam.

Sources in the CBI said, Dash was director in all the 15 companies of the group including Seashore Securities Limited, which collected deposits from gullible investors.

The investigating agency has registered 44 FIRs in connection with chit fund scam on the orders of Supreme Court last year.

A Special Investigation Team of the agency under Joint Director Rajiv Singh is probing the scam which is an off-shoot of Saradha ponzi scam.