Government spending Rs 4 crore on ponzi panel: Sashibhusan Behera

The State Government has spent over Rs 4 crore on the Commission of Inquiry on chit fund scam which has so far submitted four interim reports.

Published: 17th April 2018 06:27 AM  |   Last Updated: 17th April 2018 06:27 AM   |  A+A-

By Express News Service

BHUBANESWAR: The State Government has spent over Rs 4 crore on the Commission of Inquiry on chit fund scam which has so far submitted four interim reports. Finance Minister Sashibhusan Behera informed this in written replies to three separate questions from BJP MLA Dilip Ray in this regard. Behera said the Commission has been given extension 14 times. Though the State Government had created a corpus fund of Rs 300 crore four years back to compensate depositors who were duped by chit fund companies, not a single affected person has received money from it so far, he said.

 The State Government had set up the RK Patra Inquiry Commission in July, 2013 which was mandated to submit report within three months. The Commission was given extension three times. After his demise, retired Justice MM Das was given the responsibility of the panel in February, 2015 with a time limit of six months. However, the Commission has been given extension nine times for 42 months.

 The Minister said 662 criminal cases were filed against 266 illegal finance companies between 2010 to March, 2018.  So far 412 chargesheets have been filed, Behera said and added that 850 persons arrested and eight sentenced by different courts. As per the Odisha Protection of Interests of Depositors (in Financial establishments) Act, 41 cases have been filed in designated courts for seizure of movable and immovable property of 41 companies. Out of these, 24 cases are sub judice and orders for seizure of property have been given in rest of the cases.

Stay up to date on all the latest Odisha news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.