Flourish India director arrested in chit fund scam
The Crime Branch Wednesday arrested a director of Flourish India Limited here for his role in the multi-crore chit fund scam in Odisha.
Bhubaneswar: The Crime Branch Wednesday arrested a director of Flourish India Limited here for his role in the multi-crore chit fund scam in Odisha.
The Economic Offence Wing (EOW) of Crime Branch nabbed Pradeep Kumar Dash. Flourish India allegedly duped investors of at least Rs. 60 crore.
EOW DIG Sanjay Kumar said altogether 13 employees of the company, including four directors, have been arrested in the past two years.
"We have urged the finance department of Odisha government to attach 251 acres of land belonging to the company," Kumar told media.
Meanwhile, Seashore Group CMD Prasant Dash said the chief conspirators behind the scam should be arrested.
"I have given all the information to the CBI about the chit fund irregularities in the state. I hope, CBI would nab the real conspirators in the scam," said Dash, who appeared before a CBI court Wednesday.
Seashore Group is believed to have duped investors of around Rs.1,500 crore in the state.