Home ODISHA LATEST Chit fund victims lambast Naveen, ministers

Chit fund victims lambast Naveen, ministers


chit fund protest

Reported by Santosh Jagdev/Edited by Sandeep Sahu

Bhubaneswar, Aug 21:

Coming down heavily on the State Government for its failure in taking concrete steps to ensure refund of the money fraudulently taken away from investors by chit fund companies in the State, ‘Arthika Sanstha Mananka Dwara Kshyatigrstanka Milita Mancha’, an organisation of duped depositors, staff and agents of dubious private finance companies, on Wednesday staged a massive demonstration in front of the state Assembly.

Shouting anti-Government slogans and holding placards in their hands, hundreds of depositors of various chit fund firms like Seashore, Artha Tatwa, Flourish India and Sai Pragati from across the state blasted Chief Minister Naveen Patnaik alleging that his presence, along with that of some of his Ministers, with chit fund company chiefs in several programmes persuaded them to deposit their hard earned money with fraudulent chit firms.

“The Government’s role in ensuring the return of depositors’ money is not at all satisfactory. Despite our repeated appeals, the Government is yet to prepare any detailed data base regarding depositors who have been cheated by these companies throughout Odisha,” said Mancha convenor Jayant Das.

The protestors demanded establishment of special grievance cells in each of the 314 blocks of the State where cheated depositors could register their complaints.

Blaming the Government for the cheating by various dubious private finance companies, which had been provided licences, Das argued that it was the duty of the Government to assure the return of their hard-earned money.

If the Government failed to consider these demands by September 9, the Manch would resort to a statewide, week-long agitation from September 10 to 16.

The protestors also demanded immediate halt to the ongoing arrest of agents of dubious chit fund firms stating that these agents had only acted as per the directions of their authorities.

Arguing that police cannot make proper assessment and safeguard properties of dubious chit fund companies, they demanded that these seized properties be handed over to State Finance Department thereby ensuring refund to depositors within a time frame.


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