ED seizes 6 luxury cars, ₹1 cr cash in raids linked to ₹2,000 crore chit-fund scam

Enforcement Directorate seized six high-end cars and ₹1.01 crore in cash in raids at locations in Visakhapatnam and Hyderabad linked to a ₹2,000 crore chit-fund scam case. ED also froze 182 bank accounts in raids conducted on the premises of ex-Andhra Pradesh MLA Malla Vijaya Prasad and others. The raids were carried out under the Prevention of Money Laundering Act.