Chit fund scare returns to haunt depositors

Bolangir: At a time when scores of chit fund firms like AT & Seashore are facing CBI action with their officials cooling heels in jail for duping lakhs of innocent depositors, new ponzi firms are still emerging to target gullible investors in Odisha. As per sources, Adarsh Cooperative Societies Limited, a Gujarat-based mobile banking company […]

Bolangir: At a time when scores of chit fund firms like AT & Seashore are facing CBI action with their officials cooling heels in jail for duping lakhs of innocent depositors, new ponzi firms are still emerging to target gullible investors in Odisha.

As per sources, Adarsh Cooperative Societies Limited, a Gujarat-based mobile banking company organised a membership camp at Bolangir Law College on Thursday following which some activists raised protest and filed a complaint at town police station alleging it to be a chit fund company.