Investors clash with employees of chit fund company, demand money back

Rate this News

A day after hundreds of duped depositors from different parts of the State staged a massive demonstration demanding refund of their money, Opposition Congress on Wednesday sought a clarification from Chief Minister Naveen Patnaik on his government’s plan to return money to the investors who had been cheated by chit fund companies.

The issue was raised in the State Assembly by Leader of the Opposition Bhupinder Singh.Mr. Singh sought a clarification from the Chief Minister while pointing out that six months had already passed since the State government announced to make payment to the depositors within three months.

State government is not serious about return of money to the investors, says Opposition leader. Mr. Singh said the government was not clear on how many chit fund companies had cheated lakhs of depositors in the State.

Alleging that the Government was not clear on how many ponzi scheme companies had cheated depositors in the State, Earlier, the government put the number of such companies at 134, but it was now saying that there were only 84 of them, he added.

The Opposition legislators also raised the issue of distress sale of paddy in several districts of the State as the State government had not made adequate arrangements for procurement of paddy till date.

SUBSCRIBE TO Networking Eye

Sign up for our newsletter and receive news, updates, and the latest alerts.

Join 2,163 other subscribers

Ak Sharma: @networkingeye founder and editor Follow him via : RSS | Facebook | Twitter | YouTube | Google Plus