New Delhi: The Enforcement Directorate (ED), which carried out searches at several premises in Odisha’s Berhampur in connection with a Rs 69-crore chit fund scam, seized Rs 84.20 lakh in cash and a luxury car.

A team from the Directorate of Enforcement, Bhubaneswar, raided four premises on Thursday as part of an investigation against the Green India Infra Projects Ltd and its related entities under the provisions of Prevention of Money Laundering Act (PMLA), 2002, an official said on Saturday. ADVERTISEMENT

The ED case is linked to FIR No. RC.11/S/2014 dated June 4, 2014, registered by CBI/SCB Kolkata against the Green India Infra Projects Ltd and its promoters.

Various group companies allegedly collected the money from hundreds of gullible investors and ultimately cheated them, report

See Full Page