The Enforcement Directorate (ED) has moved the Khordha District and Sessions Judge Court for confiscation of properties worth Rs 332 crore of the Rose Valley chit fund firm.
Sources said the money was collected by the company in the State was now deposited in various banks.
Notably, in its chargesheet submitted at the Special CJM court on January 7, CBI charged the ponzi firm of defrauding depositors of Rs 17,000 crore, out of which Rs 450 crore is from Odisha alone.
Company chief Goutam Kundu was arrested by the ED in 2015 and was lodged in the Kolkata jail. He was brought to the State by the CBI for interrogation to get substantial information from him on his company’s fraud in the State in January.