The agency, in a statement said, the employee identified as Kamal K, allegedly used the funds, withdrawn by forging bank signatures of authorised people, to invest in "commodity trading" and subsequently laundered the money to raise immovable and movable assets.
The central probe agency registered a case under the provisions of the Prevention of Money Laundering Act (PMLA) last year after taking cognisance of a Chennai police crime branch complaint against him.
"The ED investigations revealed that the accused invested huge amount in commodity trading using the tainted money.
"It includes fixed deposits worth Rs 27 lakh, two vacant lands and a shop. These properties were attached provisionally under PMLA," it said.
An attachment order under PMLA is aimed at depriving the accused from obtaining benefits of their alleged ill-gotten wealth and the accused can appeal against the order before the Adjudicating Authority of the said Act within 180 days.