Home ODISHA LATEST Scared of CBI probe, ponzi firms say they’ll refund money to depositors

Scared of CBI probe, ponzi firms say they’ll refund money to depositors

7
SHARE

Odisha Sun Times Bureau
Bhubaneswar, Mar 28:

A day after the Supreme Court prepared a list of companies involved in the multi-crore chit fund scam in Odisha for a CBI probe, one of them has informed the Justice RK Patra Commission, which is inquiring into it, that it has already refunded money to its depositors.

According to reports, the Kolkata-based Prayag Infotech Highrise limited has informed the Commission on Thursday that it has already refunded over Rs 32 crore to as many as 18,596 of its depositors.

The Justice Patra Commission has asked the company to submit an affidavit on the refunded amount and also called for affidavits from all its depositors who have got their money back.

Rose Valley, which is enlisted among the 43 companies that the Supreme Court would hand over to the CBI, has also sought permission from the Commission to return money to its depositors.

The Commission, while making it clear that the companies dealing with Ponzi schemes are free to refund the depositors, has asked all such companies to submit the details before it within 15 days of such refund. The depositors too have to submit affidavits swearing they have got back their money, sources in the Commission said.

So far, the Commission has issued to 101 companies and individuals including BJD’s Rourkela MLA Sarada Nayak in connection with the Ponzi scam. Seashore, Artha Tatwa and Astha have also been served notices, the sources added.

7 COMMENTS

  1. MANY MANY THANKS TO MR. ALOK JENA (THE PETITIONER IN CHIT FUND SCAM PIL IN HONOURABLE SUPREME COURT) BECAUSE OF WHOM MILLIONS OF POOR PEOPLE COULD ABLE TO GET BACK THEIR HARD EARNING FROM THESE FRAUD CHIT FUND COMPANIES.

    THANKS TO “ODISHA SUN TIMES” FOR POSTING THE NEWS REGULARLY ABOUT THE CHIT FUND SCAM PIL IN SUPREME COURT WITH DOCUMENTARY EVIDENCE.

    IT HAS SURPRISED ME THAT MOST OF THE ODIA SO-CALLED RENOWNED NEWS PAPERS NEVER PUBLISHED THIS NEWS PROPERLY. EVEN THE REGULAR PUBLICATION OF NEWS REGARDING THE PUBLIC INTEREST LITIGATION ON CHIT FUND SCAM IN “ODISHA SUN TIMES” HAS HURT A LOT OF CORRUPT PUBLIC SERVANTS IN ODISHA.

    JAYANTA KUMAR DAS (RTI ACTIVIST), 9861770749(M).

  2. What about the involvement of larger conspiracy in Chit Fund Scam ? Greenray having office at Dubai.Why Govt Of Odisha is not interrogating the Fraud Chit Fund operators ,who those are in jail.Why Govt never wanted to accept to CBI Inquiry in Mega Chit Fund Scam.When Hon’ble Justice Mr R K Patra Justice commission alone received more than 10 lakshs of affidavits .Odisha Govt is telling in The Court that some thousand peoples of Odisha is involved ?Arthatawta,Seashore,Sarada etc ,Why Govt opposed to be inquired by CBI in The Court.When influential criminals are involved in it ?Authentic document shows shows it is a Multi thousand crore Scam.
    So many questions coming to the common man’s mind ??????

  3. Chit fund opened by order of ruling party and its leaders cheat through chit fund companies by various ways, so all responsibility goes to ruling party of odisha for cheating poor people.

  4. What about 1000+ scams listed on strategyindia website ???
    will the CBI be able to investigate them ?

  5. Prayer should be before The Hon’ble Court to give Directions ‘The Mega Chit Fund Scam’ to be inquired by CBI ‘Under The Monitoring of The Court’.
    The Hon’ble Supreme Court Had Expressed it’s desire,That The Court will refereed to CBI those 43 companies (Chit Fund) ,who (Chit Fund)have looted more than 300 crores,Larger conspiracy involved,money laundering taken place beyond state territory/beyond Country’s boundary,etc.
    Now from Jammu to other 16 states are affected.
    Who will inquiry into this.
    It Should be And Prayer should be before The Hon’ble Court to give Directions ‘The Mega Chit Fund Scam’ to be inquired by CBI ‘Under The Monitoring of The Court’.
    Multi thousand crores poor peoples of in has lost everything by investing in these fraud Chi Fund Companies.

  6. @Respected Rahul Suri Jee.Then who will take care of this when influential Politicians from all political Parties,Officers ,State Police,SEBI,income-tax Dept etc are silent spectator of the Mega loot .Then Who will take care of this.You suggest who will take care of above plight of poor people of India.
    Most of the investors belong to poor classes or low income group of the society.

  7. Its good to enquire about all listed company which are blamed as a chit fund company, more than 80% people don’t even know that chit fund is a kind of savings scheme practiced in India. A chit fund company is a company that legally manages, conducts, or supervises a chit scheme—as defined in Section 2 of the Chit Funds Act, 1982. According to Section 2(b) of the Chit Fund Act, 1982 .Chit funds also played an important role in the financial development of people of south Indian state of Kerala, by providing easier access to credit. In Kerala, chitty (chit fund) is a common phenomenon practiced by all sections of the society.

    Generally people think that all chit fund companies are cheating, but its not true.
    Government should find out whether those companies’activities are legal or not , accordingly necessary action should be taken.

    Its nothing other than a politics issue.

Comments are closed.