Over 12 acres of land in Ganjam district, owned by two chit fund companies, have been brought under the possession of the Government.
The action was taken under the Orissa Protection of Interest of Depositors Act, 2011 and following the direction of the Additional District Magistrate (ADM), Cuttack, the Tehsildar of Chhatrapur told reporters.
Of this, over eight acres of land belonged to one of the chit fund companies at Sindurapali while over four acres of land, 2.2 acres at Gadagadapalli and 1.9 acres at Govindapur in the same tehsil, were owned by another chit fund group.
The ADM, Cuttack had directed the Tehsildar of Chhatrapur to take possession of over 46 acres of land belonging to three ponzi firms. These lands have been identified and the process of their acquisition has begun, the tehsildar said.
These lands, which are yet to be taken under Government possession, belong to two ponzi firms. Of this, nearly 11 acres of land at Sindurapalli and over 22 acres at laxmipur belong to one firm while another patch of 2.1 acres belonging to another ponzi firm is located at Kanabana.
The tehsildar said notices have already been issued to local people and concerned panchayats not to buy or sell these lands, which are in the process of being attached.