Patra Commission to extend affidavit submission date by 15 days

Cuttack/Bhubaneswar: After being flooded with as many as 5,000 affidavits within first 10 days, the Justice RK Patra commission, probing into the chit fund frauds in Odisha is considering to extend submission of affidavits by 15 more days.
 
“We are observing that the complainants are many. If the trend continues in coming days, we’ll think of extending the affidavit submission date by 15 days,” said Justice Patra, retired chief justice of Sikkim High Court and former chairman of Odisha Human Rights Commission.
 
“It completely depends upon the situation,“ stated he.
 
The commission which works from police headquarters in Cuttack, started receiving complaints on August 6 and declared that the process would continue for one month.
 
While announcing regarding the affidavits required to further take up the individual cases, the one-man probe panel had instructed the investors to send their views, documents and grievances regarding their deposits by post or in person.
 
Meanwhile, the President’s recent nod to the Odisha Protection of Interests of Depositors (in financial establishment) Bill has fuelled recovery hopes of the duped investors across Odisha.
 
As per the government estimates, 650,000 people have been duped to the tune of Rs 4,375 crore between January, 2012 and June, 2013, by the chit fund companies operating in the state.
 
The state government, besides confiscating properties of some companies has already announced a corpus fund of Rs 300 crore to give relief to small investors who have lost their money in the scam.