# ED Searches Former MLA Malla Vijay Prasad’s Bhubaneswar Premises 2026-08-06T11:40:16+00:00 | Governance | Indian Opinion Desk Corroboration: 1 independent outlet The Enforcement Directorate searched premises linked to former Visakhapatnam MLA Malla Vijay Prasad in Bhubaneswar on Wednesday. The action concerns an alleged chit fund fraud and suspected money laundering. The agency has not issued an official statement on the outcome. Prasad was arrested by Odisha Crime Branch’s Economic Offences Wing in 2021 and later received conditional bail from the Odisha High Court. His company, Wellfare Buildings and Estates Pvt Ltd, is accused of cheating thousands of depositors in Odisha, Andhra Pradesh and Chhattisgarh of around Rs 1,200 crore. A case was registered in 2019. The CBI searched his office and residence in 2016. ## Coverage - odishatv.in Tags: chit fund case, Enforcement Directorate, Malla Vijay Prasad, money laundering, Odisha Canonical: https://indianopinion.org/ed-searches-former-mla-malla-vijay-prasads-bhubaneswar-premises/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/ed-searches-former-mla-malla-vijay-prasads-bhubaneswar-premises/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.