Odisha chit fund scam: Over 1 lakh more small investors identified

Cuttack: Justice MM Das Commission of Inquiry probing the multi-crore chit fund scam in Odisha today submitted its seventh interim report to the Odisha government.

In its report, the Commission has furnished details of over one lakh small investors who had invested less than Rs 10000 in Ponzi companies, expecting higher returns.

“As many as 1,36,027 small investors have been identified during the inquiry from January 2019 to May 2019. The Commission has recommended to refund money to these investors from the corpus fund. Around 50, 000 to 60,000 small investors are remaining who will be covered in the next report. During this process, 421 companies were involved in the said phase of inquiry. Till now, 1931 investors have got back their money from the Commission,” Justice Das said.

Worth mentioning, 497844 small investors have been identified by the till date.

Notably, the Commission has submitted its sixth interim report in February this year.

Also Read

Comments are closed.