Odisha Chit fund Commission’s tenure extended by six months

Cuttack: Odisha government today extended the tenure of commission headed by Justice MM Das probing into multi-crore chit fund scam by next six months with effect from February 5.

A notification in this regard was released by the Home department here today.

Notably, MM Das Commission has identified a total of 55,563 small depositors in the fourth phase after verifying 1,38,388 affidavits submitted by the investors.

The commission in its report to the state government has recommended ensuring refund of money deposited by the small investors on priority basis.

Earlier, the commission had submitted its third interim report to the government identifying 41,519 small investors in July last year.

Over 3 lakh affidavits have been examined by the commission so far out of 8.7 lakh affidavits filed by the investors duped by many chit fund companies in Odisha.