Bhubaneswar: The Revenue department has kick-started the process of returning money to small investors duped by chitfund companies. As per the guidelines laid out, investors have to apply as per the prescribed format to the Additional District Magistrate.
According to sources, these applications will be examined and a list will be prepared and subsequently money will be returned accordingly. Moreover, the State government will conduct spot verification to ascertain the legitimacy of the claims made by various people.
“Before payment is made to them, field verification might be conducted. With the help of the State government we will constitute a team of Revenue officials and Police officials to conduct field verification of the affidavits submitted by the aggrieved investors,” said Justice M.M. Das of chit fund probe commission.
As per the guidelines of the Revenue department, after court’s interim order on confiscation of properties of concerned chit fund, the ADM will start accepting applications and subsequently prepare a district/ block/ gram panchayat-wise list of claimants based for refund. After the list is prepared, ADM will send it to the Economic Offences Wing of crime branch or concerned investigating officer. This list will be verified against the database of investigating agency. Subsequently, the verified list will be sent to the collector for conducting spot verification. After this process is complete, a list of claimants will be published at the panchayat, NAC and municipality offices. The list will also be published on the website of the competent authority or the finance department. Any complaints on the published list will be entertained within 15 days. And finally, the ADM will transfer the money to the aggrieved inestors’ accounts after taking approval from the designated court.