Bhubaneswar: More than a fortnight after CNN-IBN exposed that Odisha-based Seashore Group had duped over 1.5 lakh investors of Rs 1700 crore, the state's crime branch on Saturday sealed the headquarters of the group in Bhubaneshwar. The company had reportedly offered investors 24 per cent interest per annum.
While the chairman of Seashore Group Prashant Das has yet not been arrested, the police had earlier detained over a hundred staff members and owners of 40 financial institutions which are now under the scanner.
When he retired at 60 in 2012, school teacher Basudev Mohapatra invested most of his retirement benefits of Rs 7 lakh with the Seashore Group that promised him a whopping 24 per cent interest annually for six years before returning his money. After a few months the interest payments stopped. The company even refused to return the invested amount. Basudev realised he had been duped.
"The company and its agent convinced us that if you keep your money in banks you will get only eight per cent interest, but if you deposit in Seashore you will get 24 per cent. Since the company was running for past several years in our area, we thought the government must have given it all due permission to operate," Mohapatra had told CNN-IBN....
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12:21 PM, May 18, 2013
New Delhi: In a twist to the December 16 gangrape case, sources say that the records of the bus in which the incident took place have been destroyed. However, sources said that the Crime Branch is checking if this is a periodic cleansing undertaken by the transport department. Sources add that the Crime Branch has some evidence against the Transport Department officials who gave clearance to the bus owner Dinesh...
12:08 PM, May 14, 2013
Mumbai: The sessions court in Mumbai on Friday directed the Gujarat police to produce a recently arrested accused of 2002 Best Bakery case. Vadodara police's Crime Branch has moved an application before the sessions judge UB Hejib saying that a warrant was pending against Jayanti Gohil, an accused, who did not face trial in the case after a re-trial was ordered. "Gohil had faced the trial in Gujarat but he...
03:24 AM, May 11, 2013
Ahmedabad: The prime accused in the Ahmedabad serial bomb blasts case of 2008, Mohammad Shahid Nagori, was remanded in nine days police custody by a local court on Sunday. Nagori, a member of Student Islamic Movement of India (SIMI) and an alleged Indian Mujahedeen (IM) operative, was arrested by Madhya Pradesh police on May 3, 2013 from Ujjain and handed over to the Gujarat police team lead by DCP Crime...
02:27 AM, May 06, 2013
Balasore: The Economic Offence Wing (EOW) of Crime Branch of Odisha Police on Friday broke open the office of the Saradha Group in Balasore and seized certain documents relating to alleged duping of gullible investors in the district. The officials of the EOW with the help of the local police and in presence of a magistrate broke open the doors of Saradha Group's main office at Fakir Mohan Gole, the...
03:02 AM, May 04, 2013
Bhubaneswar: With investors hitting the streets across Odisha demanding return of their deposits with Saradha Group, the state government on Monday asked the police crime branch to take up the matter with their West Bengal counterparts. The government also instructed the police to take help of RBI and SEBI to nail the ponzy scheme outfits. "The Economic Offence Wing (EOW) of the crime branch of police will take up the...
02:19 AM, Apr 30, 2013
Jammu: The Jammu and Kashmir government has ordered separate probes by the Crime Branch and the Vigilance Department into the purchase and supply of spurious drugs in the state. These spurious drugs were being administered to patients over the last three years according to reports. A shutdown was observed in the Valley on Saturday in protest. "A detailed probe into the spurious drug 'Amoxicillin Trihydrate', IP batch No PBT-1583, supplied...
09:36 AM, Apr 21, 2013
Thane: The police on Saturday finally made a breakthrough in the Thane building collapse with the arrest of two of the building's builders. However, survivors are losing hope as the Municipal Corporation goes into a demolition overdrive. "I am threatening the Chief Minister. If he doesn't respond, I will go on a strike outside his office. I am 70-year-old and my father has also died as a freedom fighter. I...
09:57 PM, Apr 06, 2013
Thane: Two days after 72 people died and over 60 were injured in Maharashtra's worst building collapse in a decade, the police on Saturday arrested two builders, Jameel Qureshi and Saleem Shaikh, of the illegal building. While one of them was arrested from Siddharthnagar in Uttar Pradesh, the other was arrested in Thane by the Thane Crime Branch. Earlier in the day, the National Disaster Response Force (NDRF) completed its...
05:14 PM, Apr 06, 2013
The Ahmedabad Crime Branch is likely to conduct an inquiry into activist Teesta Setalvad's collection of Funds for Gulbarg Society. The residents had alleged that Teesta had collected donations in the name of Gulbarg Society and had not distributed the money. ...
09:02 AM, Mar 13, 2013
The crime branch has been directed to probe the rape of a seven-year-old girl in the school premises in Vasco, Goa Chief Minister Manohar Parrikar said Tuesday. While the rapist is still at large, Crime Branch officials have arrested the headmistress of the school for inordinately delaying the registration of a first information report (FIR). ...
11:50 AM, Jan 15, 2013
Mumbai: Charges are likely to be filed in the Azad Maidan violence case on Thursday and sources said that the Mumbai Crime Branch is ready to file a chargesheet but some confusion prevails regarding the custody of the two community leaders whose speeches had allegedly instigated the mob present at the venue on August 11. The Police is now awaiting a nod from the home department on the issue of...
09:49 AM, Nov 08, 2012
Mumbai: A day-old baby boy was stolen from the general ward of a hospital in Mumbai. A woman was suspected to have walked away with him. While Mumbai police is yet to crack the case, teams have already been dispatched to Navi Mumbai, Thane and Nashik. The hospital in question - Wadia hospital - has admitted to negligence on its part in this case as no CCTV cameras were installed...
07:32 PM, Oct 25, 2012
Mumbai: A local court on Friday acquitted 19 persons, accused to have helped get fake passports for the hijackers of the Indian Airlines flight IC-814 in December 1999. In December 1999, Mumbai police's crime branch arrested Abdul Latif, an alleged terrorist, from suburban Jogeshwari and claimed to have recovered an AK-56 rifles, hand grenades and rocket launchers from him. According to police, he confessed to committing a bank robbery for...
10:41 PM, Oct 19, 2012
Pune: The father of murder victim Juhi Prasad has decided to approach the Bombay High Court after calling the Pune Police Crime Branch's investigations into the case "tardy and lopsided". AN Prasad, who is a Patna-based advocate, said that the Crime Branch was trying to protect his daughter's boyfriend, Nimesh Sinha, who was present at the time of the crime. Juhi was allegedly set on fire by Sinha's former girlfriend...
10:25 AM, Sep 10, 2012
New Delhi: A Maharashtra Control of Organised Crime Act (MCOCA) court on Monday extended the custody of key 26/11 handler Abu Jundal till September 10. The court also allowed Jundal to meet his parents for about ten minutes to arrange for a lawyer. Jundal was brought to Mumbai in July after a Delhi court gave the Maharahstra ATS his custody. The ATS, in turn, handed Jundal over to the Mumbai...
12:23 PM, Sep 03, 2012
Mumbai: A Maharashtra Control of Organised Crime Act (MCOCA) court will on Monday decide whether to extend the police custody of key 26/11 handler Abu Jundal. Jundal was brought to Mumbai in July after a Delhi court gave the Maharahstra ATS his custody. The ATS, in turn, handed Jundal over to the Mumbai Crime Branch. ...
08:32 AM, Sep 03, 2012
Mumbai: Hours after the Supreme Court upheld Ajmal Kasabs death sentence on Wednesday, one man sitting in his office at Crawford Market was smiling jubilantly, as he fielded incessant phone calls. This is a moment of vindication for Ramesh Mahale, investigating officer for the 26/11 terror attack. It was under this cop that a team of investigators worked against time to file a mountainous 11,700-page chargesheet against Kasab, completing the...
12:35 PM, Aug 30, 2012
Mumbai Police Joint Commissioner Himanshu Roy has said that the Crime Branch is also investigating the role of Abu Jundal in 26/11 attacks. ...
02:37 PM, Aug 29, 2012
Mumbai: The Mumbai Crime Branch on Tuesday arrested one of the two rioters who desecrated the Amar Jawan Jyoti during the Azad Maidan violence on August 11. The two rioters were caught on camera desecrating the flame during the violence. The protestors had gathered at the Maidan to protest against the Assam riots. More details on the arrest are awaited. ...
11:56 AM, Aug 28, 2012
