Bhubaneswar: The Enforcement Directorate today attached properties of Star Consultancy Services Pvt Ltd, a chit fund firm operating in Odisha, for duping investors.
The ED attached movable and immovable property worth Rs 83 lakh belonging to Star consultancy Services Pvt Ltd. The attached assets comprise of Rs 50 lakh immovable and Rs 33 lakh bank balance.
The sleuths also filed charge sheet against the MD of the dubious firm Triveni Kumar Mohanty and one Bijay Patnaik.
Earlier, ED had registered a case against Mohanty under Prevention of Money Laundering Act (PMLA).
It may be recalled that Mohanty had floated a real estate company Star Consultancy Services Pvt Ltd headquartered in Bhubaneswar. It sought investment from people with a promise to provide land and houses. In case it failed to keep up with the promise, it would provide handsome return on investment. However, investors alleged that it didn’t pay any return to them. Moreover, he absconded with over Rs 100 crore deposits of people.
Several cases were registered by investors against him leading to his arrest. On at least two occasions he managed to secure bail.