Chit fund scam: Seashore Group chairman Prashant Dash gets bail

Cuttack: The Orissa High Court on Tuesday granted conditional bail to Seashore Group chairman Prashant Dash, who is in jail for his alleged involvement in chit fund scam.

The court granted Prashant Dash bail in at least three cases.

Suresh Tripathy, counsel of the Seashore chairman, said the bails were allowed in separate cases lodged at different police stations in Jajpur, Nabarangpur and Titilagarh districts.

Seashore CMD Prashant Dash has so far succeeded in getting bails in all six cases charged against him for alleged involvement in the Seashore chit fund scam.

Earlier, a Bench of Justice C R Dash granted him conditional bail in at least three cases lodged under different police stations in Koraput, Jeypore and Semiliguda districts on May 8.

The Seashore CMD was arrested by the CBI from Mumbai in December 2013 for allegedly duping gullible investors of over Rs 500 crore on the promise of hefty return.