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Seashore chit fundCMD granted bail

Cuttack:8/5/17; In a major development in the Seashore chit fund scam, Orissa High Court today granted bail to Prashant Das, the Chairman and Managing Director (CMD) in three of the cases filed against him.

After conducting hearing on the three cases filed from Koraput, Jeypore and Semiliguda areas, HC granted unconditional bail to Prashant.

Notably, Prashant Das, CMD of Seashore Group was behind bars since 2013 after getting arrested by the Economic Offence Wing (EOW) of State Crime Branch from Mumbai on June 2013 allegedly for duping investors to the tune of Rs 500 crore in Odisha by floating ponzi schemes under the company.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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