The CBI probing the mega chit fund scam in the State on Monday conducted simultaneous raids at 13 locations, including offices and residences of officials of the ponzi firm Green Ray International limited (GRIl), which has duped 1.5 lakh investors of Rs 500 crore in the State.
Sources in the CBI said CBI sleuths raided 13 places including Khordha, Baleswar, Mayurbhanj, Keonjhar, Bhadrak, Puri, Jajpur and Nayagarh districts where the GRIl has its offices.
Notably, the Chhattisgarh police had arrested the GRIl director Ayub Shah from Ajmer in Rajasthan on October 13 last year. He was nabbed while he was planning to flee to Nigeria via Bangladesh.
At least 13 cases were registered against the managing director and directors of GRIl in different police stations in Odisha for allegedly duping depositors of crores of
rupees. The company had started its operations in Odisha
in 2004.