New Delhi (11.02.2021): The ED has provisionally attached Rs. 128.86 crores worth of movable and immovable properties of Micro Finance Group of Companies and others on the basis of an investigation into an FIR registered by the CBI, SPE, SCB, Kolkata against the company.

The ED's action was in pursuance of an SC order regarding the transfer of investigation of chit fund cases registered in different police stations in Odisha from the State Police Agency to the Central Bureau of Investigation (CBI). Micro Finance Limited was one among the 44 cases stated in the SC Order. Subsequently, a charge-sheet in the case was filed by CBI, Bhubaneswar.

The ED's investigations showed huge amounts of money laundering by Micro Group of companies and others (including Kamat Hotels (India) Ltd., Prasanta Kumar Acharya, Ex-Director in Ayush Hospital & Trauma Care Pvt. Ltd., Bhubaneswar).

Earlier, in 2019, the ED had issued a Provisional Attachment order attaching movable properties in the form of bank balances worth Rs. 88.99 Crores.