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<h1>Massive Rs 1,428 Crore Asset Seizure Reveals Alleged Chit Fund Fraud Scheme Targeting Investors Through Deceptive Real Estate Promises</h1> The Enforcement Directorate attached assets worth Rs 1,428 crore belonging to a real estate group in a chit fund case. The agency alleged the group illegally raised funds from the public in Odisha and Andhra Pradesh through false promises of high returns. The attached assets include bank deposits, land parcels, buildings, and structures. The investigation originated from a CBI first information report, with the attachment made under the Prevention of Money Laundering Act.