Chit fund panel again extends date of affidavits

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Chit fund panel again extends date of affidavits

Friday, 11 January 2019 | PNS | CUTTACK

The Justice MM Das Commission of Enquiry, probing into the chit fund scam in the State for nearly three years now, on Thursday once again extended the date of receiving the affidavits from the small investors.

“The investors can now submit their affidavits by January 31, 2019,” Justice Das said, adding that any affidavit received after this date shall not be taken into consideration.

Taking up the probe in February 2016 following the death of previous Commission Justice RK Patra, the new commission has so far submitted three interim reports to the State Government. In its third report submitted in July last year, the commission had reportedly identified 41, 519 small investors (investing less than Rs 10,000) in at least 176 tainted companies, which have duped them.

Having got its sixth extension in July last year, the term of the presednt commission is going to end on February 4 this year. As it is unlikely that the commission will complete its probe by that date, sources said that the commission has already written to the Government seeking further extension of its term. After completion its probe into the cases of small investors, the commission has to take up the cases of large investors.