CBI Searches Former Odisha Minister’s Residences in Ponzi Scam7Photo© hindustantimes.com

CBI Searches Former Odisha Minister’s Residences in Ponzi Scam

, 19 news, a view

The CBI Friday conducted searches at seven places, including BJD legislator Debi Prasad Mishra’s official residence, in connection with the Rs 578-crore Seashore chit fund scam.

Simultaneous searches were carried out at the residences of former tourism director Rabi Narayan Nanda, businessman Prasanata Kumar Patnaik and Mishra’s brother Bishnu Mishra in Bhubaneswar and Cuttack.

The case relates to Seashore group, which was awarded a contract to set up a boating project in the Mahanadi and a restaurant near Cuttack, despite the Central Economic Intelligence Bureau raising concerns about the company in 2011.