{"id":50960,"date":"2017-12-20T11:09:12","date_gmt":"2017-12-20T05:39:12","guid":{"rendered":"https:\/\/www.legalindia.com\/news\/?p=50960"},"modified":"2017-12-20T11:09:12","modified_gmt":"2017-12-20T05:39:12","slug":"seashore-cmd-prahant-dash-gets-bail-3-chit-fund-cases","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/news\/seashore-cmd-prahant-dash-gets-bail-3-chit-fund-cases","title":{"rendered":"Seashore CMD Prahant Dash gets bail in 3 chit fund cases"},"content":{"rendered":"<figure id=\"attachment_43916\" aria-describedby=\"caption-attachment-43916\" style=\"width: 300px\" class=\"wp-caption alignright\"><a href=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/07\/orissa-high-court.jpg?ssl=1\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"43916\" data-permalink=\"https:\/\/www.legalindia.com\/news\/orissa-hc-gets-one-permanent-judge\/orissa-high-court-4\" data-orig-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/07\/orissa-high-court.jpg?fit=300%2C173&amp;ssl=1\" data-orig-size=\"300,173\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"orissa high court\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/07\/orissa-high-court.jpg?fit=300%2C173&amp;ssl=1\" class=\"wp-image-43916 size-medium\" src=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/07\/orissa-high-court.jpg?resize=300%2C173&#038;ssl=1\" alt=\"Seashore CMD Prahant Dash gets bail in 3 chit fund cases\" width=\"300\" height=\"173\" \/><\/a><figcaption id=\"caption-attachment-43916\" class=\"wp-caption-text\">Seashore CMD Prahant Dash gets bail in 3 chit fund cases<\/figcaption><\/figure>\n<p>The Orissa High Court today granted bail to Prashant Dash, CMD of Seashore Group of Companies, in three chit fund related cases.<\/p>\n<p>The bench of Justice C R Dash granted conditional bail to Prashant in the cases registered in Jajpur, Nawarangpur and Titlagarh police stations. He was earlier granted bail in three cases registered in Koraput and one in Ganjam.<\/p>\n<p>The CBI had arrested him in December, 2013, from Mumbai for allegedly duping investors, who had invested Rs 500 crore in his companies, expecting heavy returns. Prashant is at present lodged in a Bhubaneswar jail.<\/p>\n<p>The high court had in May and August this year granted him bail in four other similar cases.<\/p>\n<p>After getting bail in three cases today, Prashant has now been granted bail in all the seven chit fund cases registered against him in different police stations of the state.<\/p>\n<p>He is likely to walk free from jail soon, informed his counsel Sushant Tripathy.<\/p>\n<p>Prashant&#8217;s younger brother Pravat, who was also one of the directors of the tainted company and arrested by the CBI in the chit fund cases, is now out of jail after being granted bail by the Supreme Court earlier this year.<\/p>\n<p>Similarly, realtor Subhankar Nayak, also arrested by the CBI for allegedly being in close nexus with the directors of Seashore Group of Companies and several government officials, was granted bail by the HC in August this year.<\/p>\n<p>( Source &#8211; PTI )<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Orissa High Court today granted bail to Prashant Dash, CMD of Seashore Group of Companies, in three chit fund related cases. The bench of Justice C R Dash granted conditional bail to Prashant in the cases registered in Jajpur, Nawarangpur and Titlagarh police stations. He was earlier granted bail in three cases registered in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":43916,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[84,1],"tags":[40966,146,32748,31987,117,80,6313,40965],"class_list":["post-50960","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-criminal-law-news","category-top-law-news","tag-chit-fund-cases","tag-court","tag-criminal-news","tag-featured","tag-law","tag-legal-news","tag-orissa-high-court","tag-prahant-dash"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Seashore CMD Prahant Dash gets bail in 3 chit fund cases - Legal News India - Supreme Court &amp; High Court Updates<\/title>\n<meta name=\"description\" content=\"The Orissa High Court today granted bail to Prashant Dash, CMD of Seashore Group of Companies, in three chit fund related cases. 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Judge Padma Lochan Satpathy posted the case for hearing on January 12, next year.\u00a0The 16 accused included Mumbai-based model Preeti Bhatia, newspaper\u2026","rel":"","context":"In &quot;Consumer Law News&quot;","block_context":{"text":"Consumer Law News","link":"https:\/\/www.legalindia.com\/news\/category\/consumer-law-news"},"img":{"alt_text":"Artha Tatwa Group CMD Pradip Sethy","src":"https:\/\/i0.wp.com\/www.legalindia.in\/news\/wp-content\/uploads\/2014\/12\/Artha-Tatwa-Group-CMD-Pradip-Sethy.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":49977,"url":"https:\/\/www.legalindia.com\/news\/bjd-mlas-bail-plea-rejected-odisha-court","url_meta":{"origin":50960,"position":2},"title":"BJD MLA&#8217;s bail plea rejected by Odisha court","author":"Legal India Admin","date":"September 27, 2017","format":false,"excerpt":"The Khurda District and Sessions Court today rejected the bail plea of BJD MLA Pravat Ranjan Biswal, who was arrested by the CBI in a chit fund case. 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A division bench of acting Chief Justice Nishita Mhatre and Justice T Mookherjee granted\u2026","rel":"","context":"In &quot;Criminal Law News&quot;","block_context":{"text":"Criminal Law News","link":"https:\/\/www.legalindia.com\/news\/category\/criminal-law-news"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2017\/01\/Calcutta-High-Court-Recruitment.jpg?fit=621%2C414&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2017\/01\/Calcutta-High-Court-Recruitment.jpg?fit=621%2C414&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2017\/01\/Calcutta-High-Court-Recruitment.jpg?fit=621%2C414&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":46288,"url":"https:\/\/www.legalindia.com\/news\/tmc-mp-kunal-ghoshs-interim-bail-extended","url_meta":{"origin":50960,"position":5},"title":"TMC MP Kunal Ghosh&#8217;s interim bail extended","author":"Legal India News","date":"December 23, 2016","format":false,"excerpt":"The Calcutta High Court today extended interim bail to suspended Trinamool Congress MP Kunal Ghosh in connection with cases over his alleged involvement in the multi-crore Saradha chit fund scam. 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