Cuttack, May 28: Economic offence wing of the crime branch today sealed a number of properties of the Seashore Group of Companies in Cuttack, Bhubaneswar and Angul. The fraud deposit collection company has been accused of duping its investors.
A four-member team, led by deputy superintendent of police (crime branch) Saroj Rath, sealed three offices of the company at Kaliash Plaza here on Link Road as part of its ongoing drive to protect the interest of the investors.
“We want to secure movable and immovable properties of the companies, so that those can be liquidated and money be returned to its investors,” said additional director-general of police (crime branch) B.K. Sharma.
Crime branch sources said three offices of the company, including S-TV, multi-cooperative office and Music Company on Link Road, were also sealed in Cuttack.
The list of properties, which were raided and sealed, included a 15-acre farmhouse, one cold storage unit and a branch office in Angul.
Another team of the crime branch raided the branch office of the Seashore located on the second floor of Bhanjaprava apartments in front of the S-complex in Bhubaneswar. The company’s TV channel was using the premise, and later, it was shifted to Patia, and the space was being used as a branch office.
In another development, the crime branch, which had sought the remand of Sudipta Sen and Debjani Mukherjee, chairman and director of the Bengal-based tainted deposit collection company Saradha Group, have to wait for some more time.





