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Duped investors’ body takes out huge rally in Cuttack


Odisha Sun Times Bureau
Cuttack, Sep 4:

The Arthika Sanstha Manankadwara Kshyatigrasta Milita Manch, a body of investors who lost money in the Odisha mega chit fund scam, today took out a huge rally in the Millennium City.

File Pic
File Pic

The rally, led by its adviser Soumya Ranjan Patnaik and senior journalist Rabi Das, started from College Square here to give memorandum to the Inquiry Commission headed by Justice MM Das. However, the entry route to the Commission’s office has been blocked due to security reasons, sources said.

At least five platoons of police personnel have been deployed to maintain law and order situation in the city.

Duped chit fund investors from across the state participated in the rally.

It may be recalled that the Manch had launched its month-long tehsil level satyagraha from Baripada, the district headquarters of Mayurbhanj, in the first week of last month which ended yesterday.

The Manch had launched the satyagraha for fulfillment of its demands which included tehsil-wise, door-to-door survey and identification of duped investors and the chit fund companies involved in fraud, arrest of chit fund company owners by investigating agencies and conviction in the court on the basis of the survey and arrangements for return of depositors’ money by confiscating all movable and immovable properties of these chit fund companies, disclosure of the amount and volume of the seized properties of the chit fund companies for public appraisal, amendment in the existing rules and Acts to include provision for return of total money of the depositors, formulation of laws for stringent punishment to chit fund company owners and a ban on all monetary collection sources of these companies except banks, post offices, life insurance and general insurance till the conclusion of investigations and trial against these Ponzi company owners.

Notably, Justice Madan Mohan Das was appointed to probe the multi-crore chit fund scam in Odisha in February this year  after the demise of Justice Radha Krushna Patra on January 28 this year.