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Chit fund scam probe panel tenure extended by six months

Bhubaneswar: The Odisha Government has extended the tenure of Justice MM Das Commission of Inquiry inquiring into multi-thousand-crore chit fund scam by six months with effect from February 5.

A notification in this regard was released by the Home Department on Friday. Earlier the Government had earlier fixed February 4, 2019 as the deadline.

“State Government extends the tenure of the Commission of Inquiry on Unauthorised Collection of Public Deposits for a further period of six months beyond 4th February, 2019,” tweeted the Home Department.

The State Government formed the commission in July 2013 to probe into the chit fund scam in the State that created a ruckus in the State then.

The inquiry commission has submitted some interim reports and identified over one lakh small investors, who has invested less than Rs 10,000 in the chit fund companies. The commission has also recommended the State Government to take measures for refund of money of the small investors on a priority basis.

In February 2015, the Government appointed retired Justice Madan Mohan Das as the Commission of Inquiry after the death of Justice RK Patra, who was initially probing the scam.

 

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