After attaching the properties of chit fund firm Artha Tatwa Group, a major player in the multi-crore chit fund scam in the Srare, the Enforcement Directorate (ED) is in the process of confiscating the properties of persons having links with the firm.
According to official sources, the ED has confiscated the properties of AT Group chief Pradeep Sethi and recently seized assets to the tune of Rs25 crore. Besides, the movable and immovable properties of people having done transactions with the AT Group would be confiscated for refund of money to the investors as per the Odisha Protection of Interests of Depositors (in Financial Establishment) Act, 2011. The company is one of the prominent business groups among 44 chit fund companies, which are under the scanner of the CBI following an order of the SC.