Bhubaneswar, Feb. 8 -- The Enforcement Directorate (ED) on Thursday launched a mega raid in Odisha and 20 other places across the country in connection with an alleged fraud to the tune of Rs 900 crore by a chit fund company.

As per initial reports, the raids are being conducted at 10 places in Odisha including Ganjam and Bhubaneswar. Apart from this, raids are also underway on the properties linked to Golden Land Developers Limited which is a Delhi-based company.

Also Read:Chit fund scam: 16 acre land of Golden Land Developers seized

The Company was registered in 2008 and Cuttack ADM had earlier auctioned some land of the chit-fund company in Ganjam and other parts of the state in June 2016. The bidders had participated in an auction ...