Odisha chit fund scam: Second interim report today

Odisha Sun Times Bureau
Cuttack, Feb 3:

Justice MM Das Commission of Inquiry, probing the multi-crore chit fund scam in Odisha is likely to submit its second interim report to the state government today.

Sources said the Commission has completed its second phase verification of affidavits and is likely to submit its second interim report to the Home department today.

It may be noted here that while the Commission had received 8, 17,253 affidavits in total from investors out of which in the first phase after due examination of 26,976 affidavits it has identified small investors (investors with deposits below Rs 10,000).

On that basis, the Commission had submitted its first interim report to the state government on May 25, 2016.

In the second phase the Commission has examined 61, 252 affidavits submitted between the period August 22, 2013, to August 31, 2013, and has identified small depositors.

After verification of affidavits submitted in the second phase, the Commission has registered 181 inquiry cases and has served show cause notices to chiefs and directors of firms located inside and outside the state over demands of the small investors.

In a majority of the cases, the respondents are not appearing before the Commission in response to its notices. Under such circumstances, the Commission has identified investors of more than 170 such firms.