Chit Fund Investors Put Stir On Hold Till Feb 22

Bhubaneswar: The Chit Fund Khyatigrasta Jamakari Milita Manch on Tuesday decided to put its indefinite stir on hold till February 22 after the Odisha government agreed to come up with a white paper on the details of the chit fund scam. It also promised follow-up action against the chit fund companies.

Talking to mediapersons after a meeting with duped chit fund investors, BJD Rajya Sabha member Soumya Ranjan Patnaik, said the white paper will have detailed information about the number of chit fund companies involved in the scam. It will also have details of the volume of properties of the blacklisted chit fund companies seized. Besides, there will be complete information about the amount of money the chit fund companies have collected from people and the amount they owe to them.

Patnaik also made it clear that not only small investors, the state government will also identify all genuine investors. “To identify the genuine investors, a meeting will be held with the district collectors on February 22,” he added.