No more sittings as Odisha chit fund probe panel tenure ends

Bhubaneswar: Justice MM Das Commission, which was formed by the Odisha Government for chit fund scam probe, will no more hold its sittings as the tenure of the panel came to an end.

Furthermore, the State Government didn’t extend the tenure of the commission. “In view of non-receipt of orders of the Government extending the tenure of the Commission till date, Hon’ble Commission shall not hold sittings from 03.03.2020 until further orders,” an official notification said.

Notably, the single-member commission was formed on July 9, 2013. Justice RK Patra, a retired judge of the Orissa High Court, was appointed head of the panel. Later, Justice MM Das took charge of the commission on February 5, 2015 following the death of Justice RK Patra on January 28, 2015.

The commission had been identifying small investors for compensation who had deposited Rs 10,000 or less and were duped by dubious financial companies.