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Govt extends tenure of panel formed to probe chit fund scam

2/02/2019 at 2:58 PM

Bhubaneswar: The State government has extended the tenure of Justice MM Das Commission of Inquiry inquiring into multi-thousand-crore chit fund scam by six months.

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 commission was formed in July 2013 by State Government to probe into the chit fund scam in the State.

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.

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