Bhubaneswar, April 8: A team of the Central Bureau of Investigation (CBI) today raided the house of a senior official of Seashore Group in connection with the multi-crore money laundering scam by the deposit collection company.

A 10-member team searched the house of Pradip Samantray, divisional head of the group, at Bali Sahi village under Niali block in Cuttack this morning.

The investigating agency has seized land documents, bank accounts and money receipts from Samantray's residence. Sources said he was in charge of the transport division of the group, which was operating at Mancheswar in the capital city.

His role came under scanner during the probe by the central agency. It is alleged that hundreds of people invested their money in the company through Samantray.

The central agency had also come to know that financial transactions worth crores were done through the senior official. Sources in the CBI said they were also planning to conduct raids on some plots and houses owned by the official in the state capital.

The investigating agency will also investigate the huge investment made by Samantray in various financial organisations.

The central agency so far has arrested three persons, including Seashore Group chief Prashant Dash, in connection with the money laundering scam. Though the company allegedly swindled around Rs 1,200 crore from thousands of investors, the preliminary chargesheet mentioned fraud worth Rs 578.2 crore.

The group had also signed MoUs with the state government and its agencies to set up joint ventures. While it inked a deal with the Odisha Renewable Energy Development Agency to set up a solar plant at Titilagarh, another deal was signed with Idco to set up a maize processing plant at Ummerkote in Nabarangpur.