The Economic Offences Wing (EOW) of Crime Branch of Odisha Police today seized about 100 kg of silver coins from the personal bank locker of the CMD of a ponzi company.
The bank locker of Seashore Group CMD Prashant Das was opened by the investigating agency which found several bags containing silver coins having Seashore logo.
"We have detected and seized 1,000 silver coins each weighing 100 gram worth Rs 44 lakh from the personal locker of Das at a private bank's Bomikhal branch in the city," said Rajesh Kumar, DIG, Crime Branch.
Kumar said Seashore Group of companies has been accused of duping about Rs 1,000 crore from gullible investors across the state, Kumar said adding the EOW has seized several properties located at different parts of the state owned by the company.
Meanwhile, a local court at Jeypore in Koraput district rejected bail petition of Das and sent him to judicial custody for 14 days.
Das was earlier arrested from Mumbai in connection with a case involving cheating of about Rs 15 crore at different places under Semiliguda police station area in Koraput.
