ED Seizes ₹84.20 Lakh Cash, Mercedes Car in ₹69 Crore Chit Fund Scam in Odisha

November 8, 2025

New Delhi: The Enforcement Directorate (ED) has seized unaccounted cash amounting to ₹84.20 lakh and a luxury Mercedes car during searches at four locations in Berhampur, Odisha, in connection with a ₹69 crore chit fund scam, officials said on Saturday.

Raids Conducted Under PMLA Against Green India Infra Projects

The searches were carried out by the ED’s Bhubaneswar office on Thursday under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, as part of an ongoing probe into Green India Infra Projects Ltd. and its related entities.
The case stems from an FIR registered by the CBI (RC.11/S/2014 dated June 4, 2014) against the company and its promoters for allegedly defrauding investors in a multi-crore chit fund scam.

Investors Cheated of ₹69 Crore in ‘Green Paradise Project’

According to the ED, the company collected money from hundreds of unsuspecting investors under the pretext of offering high returns or flats in the so-called ‘Green Paradise Project’.
However, the promoters neither allotted the promised flats nor returned the investors’ funds. When pressed for refunds, the company’s Managing Director allegedly refused and threatened investors.

Unaccounted Cash, Car, and Documents Seized

During the searches, officials recovered ₹84.20 lakh in unaccounted cash, a Mercedes car, incriminating documents, and several digital devices. Property papers related to various immovable assets were also seized.
The investigation has revealed that the accused laundered proceeds of crime by investing in real estate and other assets, the ED said.