Home ODISHA LATEST Over 5000 aggrieved chit fund depositors file complaints with Justice Patra Commission

Over 5000 aggrieved chit fund depositors file complaints with Justice Patra Commission

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OST Bureau

Cuttack, Aug 16 :

Over 5000 aggrieved depositors have lodged  complaints with the Justice R K Patra Commission of Inquiry probing into the multi-crore chit fund scam in the State within 10 days after it invited affidavits on August 6.

Duped by various fly-by-night financial companies, hundreds of small-time investors are thronging the headquarters of the commission here from various districts to submit affidavits.

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“There are still more than 15 days left (till September 2) for depositors to submit affidavits. The duration for submission of affidavits might be extended by another 15 days if I feel the need to do so,” Justice Patra said on Friday.

After due verification of the affidavits received, the commission will hold its first hearing on September 6.

Meanwhile, the President’s recent assent to the Odisha Protection of Interests of Depositors (in financial establishment) Bill has raised hopes among duped investors that they will get back their money.

According to government sources, several sham financial firms including Seashore Group, Artha Tatwa (AT) Group, Green Ray International, Aastha International, Rose Valley, have swindled around 4,375 crore from nearly 7 lakh depositors in the State.

While as many as 280 complaints have been registered against 127 companies at various police stations in the state and the Economic Offences Wing (EOW) of Crime Branch, 315 persons have so far been arrested in connection with the scam.