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Odisha chit fund victims knock on Governor’s door

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Reported by Santosh Jagdev

Bhubaneswar, June 24:

A five-member delegation of Aarthika Sansthamananka Dwara Kshatigrastanka Milita Mancha (ASDKMM), led by its chief advisor and Editor of Sambad Soumya Ranjan Patnaik, today met Odisha Governor SC Jamir at his residence and submitted a 6-point charter of demands demanding the creation of the promised corpus fund and return of money to the depositors by the State Government at the earliest.

Soumya Ranjan Patnaik leading a five-member delegation to submit a memorandum to Governor SC Jamir on the chit fund scam (Pix: Biswa Ranjan Mishra)
Soumya Ranjan Patnaik leading a five-member delegation to submit a memorandum to Governor SC Jamir on the chit fund scam
(Pix: Biswa Ranjan Mishra)

The demands made in the memorandum submitted by ASDKMM include fulfillment of the the assurance made by the CM on refund of money to the duped depositors within a specific time frame; asking each Tehsil in the state to identify the duped depositors and fraudulent companies to ascertain which company has taken what volume of money from the depositors; seeking information from the Enforcement Directorate to follow the money trail for recovery of the money looted; investigation by appropriate investigating agency on other fraudulent establishments against whom no case has been registered yet; framing of stringent State and Central Laws ensuring 100 per cent refund of  assured amount to the depositors by the chit fund companies and  stringent punishment to the accused on par with the punishment awarded to Rajat Gupta in the Insider Trading offence case in USA.

The memorandum also demanded approver status to  all the staff and collection agents of chit fund companies, who had taken up jobs with them  to  earn their livelihood because only they can help substantiate the evidence against their employers during the investigation process.

“The Odisha Government, which had announced that it would protect the interest of genuine depositors of chit fund companies in the state by returning their duped money by forming a corpus fund of Rs 300 crore, is delaying the process. As a result, lakhs of small and genuine depositors, who have lost their hard-earned money, have been left high and dry without any hope,” Ppatnaik said.

The Odisha’s Chief Minister Naveen Patnaik, who never tires of claiming that his government was for the common man, is solely responsible for the sorry plight of the depositors, he said.

Though the announcement of the corpus fund had been made by the state government last year, it was yet to get the approval of the Controller General of Accounts, Government of India for the purpose, Patnaik said.

“During the meeting with the Governor today, we have requested him to look into the matter positively and expedite the corpus matter soon so that common people could get their hard-earned money back,” the Editor of Sambad further said.

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