Chit Fund panel prepares list of small investors

Bhubaneswar: Justice MM Das Commission of Inquiry, probing the multi-crore rupee chit fund scam in Odisha, has begun the process for refund of money to the investors.

Out of a total of 8.17 lakh affidavits verified by the Commission, scanning of 7.22 lakh affidavits has been completed of which the commission has prepared list of investors who had deposited less than Rs 10,000 in the chit fund companies.

The Commission has handed over list to the representatives of the Seashore Group of Companies and the Artha Tatwa (AT) Group, the two chit fund companies, on whom it had served notices in the first phase.

Talking to the media persons on Sunday, Justice Das said a field verification might be required so that the Commission, with the help of the state government, will constitute a committee which will have a spot verification to identify the genuine investors by examining their documents and affidavits.

“After this process is completed, the Commission, in its interim report, will recommend the government to start the process of payment to these small investors”, he added.