Bhubaneswar: The Enforcement Directorate (ED) Wednesday conducted searches at premises linked to former Andhra Pradesh MLA Malla Vijaya Prasad in connection with a multi-state chit fund scam, officials said. The case pertains to an alleged chit fund fraud involving around Rs 3,000 crore, he said. The CBI had earlier registered a case against the company in connection with the alleged fraud. Prasad was arrested by the Economic Offences Wing (EOW) of Odisha Police from Visakhapatnam in 2021 in connection with the case and was subsequently released on bail, they added. The ED is probing the alleged laundering of proceeds of crime generated through the chit fund operations, officials said.