Chit Fund Panel To Submit Second Interim Report Tomorrow

Bhubaneswar: The Justice MM Das Commission of Inquiry, probing the multi-crore chit fund scam in Odisha is expected to submit its second interim report to the State government tomorrow.

Sources in knowledge of the development said, the Commission will submit the report to Odisha Home Secretary Asit Kumar Tripathy at the secretariat.

Officials said the probe panel has prepared the report on the basis of 61,252 of the more than eight lakh affidavits filed with it. While complaints have been filed by the investors against as many as 174 money collecting agencies, 110 firms have been sent notice by the Commission to file reply.

Officials added, unable to find a proper address for communication, the probe panel has sought response from 65 companies through newspaper advertisement regarding their money collecting activities. It is learnt that the Economic Offences Wing of State Crime Branch has failed to provide information regarding 26 such companies which were active in Odisha a couple of years ago.

On May 25, the Commission had submitted its first report to the State government. The Commission recommended the process to refund money to small depositors duped by chit fund companies in the State.

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