In a major development in the ongoing investigation into a multi-crore chit fund scam in Odisha, the Enforcement Directorate (ED) has seized Rs 84.20 lakh in unaccounted cash and a luxury Mercedes car during searches at four premises in Berhampur, Odisha.

This action is part of an investigation into the Green India Infra Projects Ltd. and its affiliates, which allegedly defrauded investors to the tune of Rs 69 crore.

The ED’s action on Thursday followed orders under the Prevention of Money Laundering Act (PMLA), 2002, as part of the larger investigation into the financial dealings of Green India Infra Projects Ltd. and its promoters. The company is suspected of collecting funds from hundreds of innocent investors under the false promise of high returns and the allocation of flats in the

See Full Page