Odisha Sun Times Bureau
New Delhi, Jul 27:
Cautioning against any laxity in the probe, the Supreme Court today reiterated its stand that it will not monitor the ongoing CBI probe into multi-crore rupee chit fund scam cases in Odisha, but made it clear that it is not ruling out monitoring of the probe in future.
Adjudicating over a petition filed by activist Alok Jena on allegations of the CBI not doing much in the investigations, a bench of Justices T S Thakur and C Nagappan turned down the request for a court-monitored probe.
While rejecting the petition seeking Supreme Court monitoring, however, the bench made it clear that it was not ruling out monitoring the case in future, if there are grounds to believe that the probe is not progressing along expected lines.
“You (CBI counsel) please make sure that we should not be hearing the allegation that CBI is not doing the needful. The day we get this feeling, we will step in,” the bench of Justices T S Thakur and C Nagappan warned.
During the hearing, it referred to the verdict and said; “for the time being, we had refused to monitor the investigation.”
The bench asked the CBI counsel to present concrete information on the progress made on the investigation front at the next hearing.
The bench also asked the Centre to devise a mechanism or set up tribunals which can “attach or take over” the assets of fraudulent companies and “distribute or refund” the dues, wholly or partly, to duped investors.
“I will put it to the government today,” Solicitor General Ranjit Kumar, appearing for CBI, said.
It may be recalled that the apex court had, on May 9 last year, ordered a CBI probe into the chit fund scam cases in West Bengal, Odisha and Assam allegedly involving various companies including Saradha, while taking note of allegations that scamsters were getting “patronage” of people in “high positions”.