CBI Arrests Biju Janata Dal MLA  Prabhat Biswal In Odisha Chit Fund Scam ,

Cuttack: Prabhat Biswal was picked up late last night from his Cuttack residence. Bhubaneswar: Ruling Biju Janata Dal (BJD) MLA Prabhat Biswal was on Tuesday arrested by the Central Bureau of Investigation (CBI) in the Seashore chit fund scam in Odisha. 

 

Prabhat Biswal was picked up late last night from his Cuttack residence and declared arrested in the morning. The Cuttack Chowdwar assembly BJD MLA was questioned four times earlier in connection with a land deal with the Seashore Group chief Prasant Das, said sources. His wife Laxmibilasini Biswal was also earlier quizzed by the CBI regarding her involvement in the Jajpur Benapur land scam. CBI sources said they had sold a piece of land to the Seashore Group for a hefty amount and could not explain the details of the illegal transactions. The couple failed to produce the documents and sale deeds about the land deal, they said.

 

Seashore CMD Prashant Dash had paid Rs 25 lakh for the land in cheques in April 2011, the remaining amount was to be paid after registration. However, Mr Dash had cancelled the deal later and wanted his money back, the sources said. Mr Biswal was the second BJD lawmaker to be arrested after Prabhat Tripathy, who is on bail. BJD MP Ramchandra Hansdah was in jail for his alleged involvement in the chit fund scam. Seashore Group is one of the 44 ponzi companies in Odisha which came under the scanner of the CBI following an order of the Supreme Court to probe their finances and transactions. The CBI has already filed a charge-sheet in the Rs 500-crore Seashore chit fund scam.