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Duped investors demand CBI probe into chit fund scam

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OST Bureau

Bhubaneswar, July 31,

Thousands of investors duped by chit fund companies today staged a demonstration at the PMG Square here demanding refund of their deposits and a CBI probe into the scam.

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In their six-point charter of demands, the protesters asked for immediate liquidation of the assets of these companies which were seized in the recent past and disbursal of the proceeds to the affected investors at the earliest. They also demanded receipt of investors’ claims and grievances at block level as well as stringent action against those involved in the fraud.

Expressing doubts over the effectiveness of the judicial commission set up by the state government, some investors demanded a CBI probe into the matter.

State government had recently announced formation of a corpus fund of Rs 300 crore to help victims of the chit-fund scam.