Bhubaneswar, Feb. 10 -- After carrying out massive searches in Odisha and other parts of the country against alleged chit-fund company M/s. Golden Land Developers Limited, the Directorate of Enforcement (ED) claimed to have seized Rs 43.48 lakh cash and Rs 64.22 lakh in bank balances of the searched persons along with SUV worth 35 lakh.

The search operations were carried out on February 8 at 19 locations in Odisha, Punjab, Chandigarh and Delhi under the provisions of the Prevention of Money Laundering Act (PMLA), 2002 related to M/s. Golden Land Developers Limited and others.

The ED had taken up the investigation on the basis of an FIR registered by the CBI, SPE, Kolkata under various Sections of IPC 1860 against M/s Golden Land Develop...