Home STATE Duped Odisha investors to hold ‘maha samabesh’ in city on June 10

Duped Odisha investors to hold ‘maha samabesh’ in city on June 10

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Odisha Sun Times Bureau
Baleswar, Jun 5:

Arthika Santhamanankadwara Kshatigrastanka Milita Mancha (ASKMM), a body of duped chit fund investors in Odisha, would hold a massive rally in the capital city on June 10 to put pressure on the government to expedite the process of return of money to the investors.

A rally in Bhubaneswar by investors who lost money in the chit fund scam (File Pic)
A rally in Bhubaneswar by investors who lost money in the chit fund scam
(File Pic)

A district-level convention was held here to chalk out the strategy to make the mass gathering a success.

The members of the body would hit the streets on June 10 with several demands including amendment of the relevant laws, auction of the property of scamsters after confiscating them and compensation of the defrauded investors’ with the money realised from the auction.

“The state government is destroying evidence against the owners of the Ponzi firms in the garb of Crime Branch probe; it is arresting the collection agents instead of the proprietors. The government constituted an inquiry commission and announced the formation of a corpus fund only because of the pressure from agitations held by ASKMM,” a member of the forum, Jayakrushna Dash, said.

The government is misleading people by categorising the investors as small, medium and large investors and setting the benchmark of Rs 10, 000 as small investors for the purpose of reimbursing people at a time when the investors have not yet been identified, they alleged.

Besides the state government, the members of the forum also blamed the Centre for the plight of people.

“During our protest rally at New Delhi, Finance Minister Arun Jaitley had assured us to amend certain laws to put a check on chit fund scams, but in vain,” convenor of ASKMM, Jayant Das said.

The members discussed how chit fund companies in the state operated under the registration of Multi-state Cooperative Societies Act, 2002 and Odisha Cooperative Societies Act, 1962 and floated several attractive investment schemes to con people.

Among others, Anuradha Subudhi, Madhusudan Biswal, Raghunath Das, Mahendra Barik, Gangadhar Padhi, Jaladhar Pradhan and Gadadhar Das were present.