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Informative

ED on PMLA Action Against Green India Infra Projects Ltd.: Multi-Crore Chit Fund Scam.

Update / Judgement Date

07 Nov 2025

Source

WCP News Bulletin

Author

Sakshi Bhardwaj — WCP Legal Desk

Reading Time

2 min read

Financial ManagementOther Legal Matters
ED on PMLA Action Against Green India Infra Projects Ltd.: Multi-Crore Chit Fund Scam.
WCP News Bulletin

Headnote:

The Enforcement Directorate (ED) conducted search operations at four premises in Barhampur, Odisha under the Prevention of Money Laundering Act (PMLA), 2002 targeting Green India Infra Projects Ltd. and related entities for laundering proceeds from a multi-crore chit fund scam. The company and its promoters collected funds from hundreds of investors under the pretext of providing high returns or allotting flats in the ‘Green Paradise Project’ but failed to return money or allot flats, causing losses of Rs. 69 crore. During searches, unaccounted cash of Rs. 84.20 lakh, one Mercedes GLC 200, property documents, and electronic evidence were seized. Further investigation is ongoing.


Background:

  1. FIR No. RC.11/S/2014 was registered by CBI/SCB Kolkata on 04.06.2014 against the company and its promoters.
  2. The accused collected investor money fraudulently and refused to return advances or allot promised flats, threatening depositors.
  3. Investigation revealed that proceeds of crime were laundered and invested in immovable properties and other assets.
  4. ED conducted searches under Section 17 of PMLA, seizing cash, luxury vehicle, property documents, and digital devices.


Court / Authority’s Observations:

  1. The ED focused on tracing the flow of laundered funds into immovable and other assets.
  2. The search operations aimed to secure unaccounted cash and documentary evidence establishing money laundering.
  3. Ongoing investigation is examining the network of entities involved and the financial trail under PMLA provisions.


Legal Provisions Discussed:

  1. Prevention of Money Laundering Act, 2002 – Sections on search, seizure, and tracing proceeds of crime.
  2. FIR and investigation under criminal law for fraud, cheating, and organised financial offences.

Citation: 2025:ED:BHUBANESHWAR:002

Case: Directorate of Enforcement v. Green India Infra Projects Ltd. & Ors.

Court: Enforcement Directorate, Bhubaneshwar Zonal Office

Date of Decision/Action: 06–08 November 2025

FIR / Case No.: FIR No. RC.11/S/2014 dated 04.06.2014