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Tag: Small Depositors

Chit Fund Depositors Oscillate Between Hope And Despair In Odisha
Chit Fund Depositors Oscillate Between Hope And Despair In Odisha

Pushpabati Parida, a resident of Shaymsundarpur village in Balasore district. Pushpabati, who runs a grocery shop in the village to keep the wolf from the door, has a bitter story to narrate.

No Extension To MM Das Commission Throws Fate Of Chit Fund Depositors Into Uncertainty

Bhubaneswar: Justice MM Das Commission entrusted with the task of identification of depositors affected by the chit fund scam in the state has stopped hearing on new affidavits from Tuesday. A notice informing the same has been seen displayed in the Commission’s office at Buxi Bazar, Police line in Cuttack. Set up on July 9, […]

Chit fund scam: Money refunded to small investors in Balasore

Bhubaneswar: The State government has started refunding money to small depositors duped in the multi-crore chit fund scam in Odisha. According to sources, as many as 350 investors were refunded around Rs 21 lakh today. A total of 1,096 out of 2,306 small depositors in Balasore district have been identified for refund and will be […]

Odisha begins process to refund chit fund-hit depositors

Bhubaneswar: Odisha government has begun the process of refund to small depositors duped in the multi-crore chit-fund scam in state. The State government had set up a Rs 300-crore corpus fund in 2013 to refund affected-depositors. The Justice MM Das Commission has submitted four interim reports to the State goverment in which it has identified […]

Chit fund scam: Commission submits third interim report, recommends refund of money

Bhubaneswar: The Justice MM Das Commission, probing the multi-crore chit fund scam in the state, has today submitted its third interim report to the government. In its report, the Commission has stated that a total of 41519 small depositors have been identified after a thorough probe into the complaints filed against 176 companies. Meanwhile, the […]