Chit Fund Scam: Debi Mishra Under CBI Scanner

Bhubaneswar (Reporters Today Bureau):  The Central Bureau of Investigation today raided the residence of former Minister and senior BJD leader Debi Prasad Mishra at Unit-1 here over Seashore chit fund scam . A five-member team of the CBI  along with two witnesses is conducting the raid simultaneously at seven places associated with the Badamba Narasinghpur MLA. Earlier, the investigating agency had interrogated his two aids-Prafull Singha and Dillip Mishra.

In September 2017, CBI had arrested BJD MLA Prabhat Biswal in connection with the ponzi scam.  He was later released on a bail in June 2018.

Seashore Group is one of the 44 chit fund companies in Odisha that came under the scanner of CBI and Enforcement Directorate (ED) after the Supreme Court gave its order to probe their finances and transactions. The ED had registered a case against Seashore Group in 2014. The CBI re-opened the probe into the Seashore chit fund scam in June this year.