No End To Misery Of Chit-Fund Depositors In Odisha?

Bhubaneswar: In what can be considered as a major blow to hopes of large depositors who had lost their investment of more than Rs 10,000 in various ponzi schemes in Odisha, the State Minister on Monday informed the Assembly that as of now the government has no such provisions to ensure refund of the duped […]

Chit-fund

Bhubaneswar: In what can be considered as a major blow to hopes of large depositors who had lost their investment of more than Rs 10,000 in various ponzi schemes in Odisha, the State Minister on Monday informed the Assembly that as of now the government has no such provisions to ensure refund of the duped money of such depositors.

In an answer to a query by Khandapada MLA and BJD leader Soumya Ranjan Patnaik in the Assembly regarding the chit-fund scam, Pujari informed, “The revised terms of reference provided in the Home department notification to Justice M M Das Commission for enquiry into Chit Fund Scam doesn’t have any provision to return any amount to the large depositors.”