Bhubaneswar: The Enforcement Directorate (ED) has filed charges against 15 accused in connection with the Artha Tatwa chit fund scam.
The charges were filed in a court dedicated to the Prevention of Money Laundering Act (PMLA) following an extensive investigation by the ED authorities.
The ED has brought formal charges against the allegedly fake financial company, and a total of 15 individuals have been arrested so far in relation to the case. In addition to the arrests, the ED has successfully attached assets estimated at around Rs 135 Crore in a bid to trace illicit financial activities. The confiscated assets include bank balances, plots of land, houses, and residential flats.
It’s worth noting that the Artha Tatwa group has been under scrutiny for its involvement in the chit-fund scam, with 20 company employees arrested for their involvement.
