The State Government has filed 597 cases against illegal non-banking financial entities for cheating people with false promises of higher returns while 799 people have been arrested so far.
The Economic Offences Wing (EOW) of the Crime Branch has filed these cases up to March this year and chargesheets have been submitted in 384 major cases, said an official.
The EOW has moved various designated courts for confiscation of the properties of 21 chit fund companies.
So far, the designated courts have awarded orders for confiscation of the properties of eight companies, Rose Valley Group of Companies, Golden land Developer Companies, Green Ray International ltd, Astha Group of Companies, Safex Group of Companies, Nabajyoti Realty India ltd, Sastra Enterprises Pvt ltd and Sai Pragati Assets & Properties Pvt ltd.
Markets regulator SEBI has also passed orders against 21 companies involved in illegal fund mobilisation in Odisha, said the official.
The measures were discussed at a State-level Coordination Committee meeting on Saturday held under the chairmanship of Chief Secretary AP Padhi.
Taking stock of the situation, Padhi said police should take proactive action in this matter without waiting for lodging of any complain or FIR by anybody.
Development Commissioner R Balakrishnan said all types of surrogate advertisements made by these companies should be restricted and the authorities giving permission for advertisement boards should make a preliminary screening of the message being projected.
It was also decided at the meeting that an intensive awareness campaign would be undertaken in rural and urban areas to make people aware about the false promises and disguised activities of such companies.