The Special Investigation Team (SIT) of the Central Bureau of Investigation (CBI) on Tuesday raided the houses of some directors and key employees of Safex Indian Infra Pvt Ltd at Berhampur and Chhatrapur in Ganjam district in connection with the chit fund scam.
They also raided the houses of some of the company officials in Balasore, Sambalpur and Bhubaneswar. The houses of B Chinmay Subudhi and Purna Chandra Biswal at Somanath Nagar and Gandhi Nagara here were raided by the CBI sleuths. Subudhi and Biswal, the directors of the dubious money circulation company, were arrested earlier.
The CBI also raided the houses of Firoz Khan, the managing director of the company, Ashwin Sahu and Prasant Biswal, the directors and key officials of the company at Chhatrapur. The raids were conducted simultaneously at nine places in four districts. The house owners were not present during the search, while some of them were arrested earlier by the economic offence wing (EOW) of Crime Branch.
At least eight officials of the company, including some key directors and vice president Deepak Sahu have been arrested so far by the crime branch. The company was allegedly active in illegal money circulation schemes with monthly turnover of nearly Rs 1 crore and land allotment schemes in several districts, including Ganjam. The CBI had frozen the company’s bank account with deposits worth Rs 5 lakh, sources said. Meanwhile, the government had taken possession of over 12-acres of land of the chit fund firm in Ganjam district on October 2013.