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Odisha Chit Fund Scam: Commission Submits Sixth Report, 3,61,817 Investors Identified


12 February 2019

Bikash Sharma


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Cuttack: Justice M.M. Das Commission of Inquiry probing into the multi-crore chit fund scam submitted its Sixth Report to Odisha Government today and the figure of total investors identified, inclusive of this report, is 3,61,817.

Briefing media here at the Office of the Commission of Inquiry on Unauthorized Collection of Public Deposits in the State, Justice M.M. Das announced, “This Commission’s Sixth Report has been submitted today. This Sixth Report is based on the inquiry made between 01.06.18 and 31.12.18. Total small investors identified are 1,43,463. Besides, 229 investors have got back their money from the Commission.”

“Including the Sixth Report, the Commission has till date identified 3,61,817 investors. Total 1714 investors have got their money refunded at the Commission,” he informed.

He further informed, “When Justice R.K. Patra chaired the Commission prior to his death, the reference the Government had given him lacked identifying the investors. That reference came as additional reference on 20.02.2015 after I chaired the Commission. In this additional reference the Government sought identifying bona fide investors, more specifically small investors.”

He also informed, “Lots of persons complained before the Commission that as affidavits were not sought earlier from the investors, they couldn’t comply. Considering the additional reference, the Commission on 16.11.2018 published a notification for the left out investors to submit affidavits by 31.01.2019. Now the Commission has received about 6 lakh affidavits through registered post or courier service. Commission has written to the Government to digitize these 6 lakh affidavits. After action taken, inquiry will again made to identify them. After identification of all small investors is over, the identification of big investors will be taken into consideration.”

Justice Das stated, “Meanwhile, 3,61,817 investors have been identified as small investors. So it is more than 50% of the persons who have filed affidavits. Hence, the rest will take no more time. It will be completed within a short period.”

He added, “The other references of the State Government, like non-recurrence such incident and why it happened, will be analyzed and report will be submitted. There is nothing to probe into it.”

“In the previous fifth and sixth reports, I have recommended some modalities to the Government so that the seized landed properties can be disposed of soon. What steps the Government would taken are upto the Government,” Justice remarked.

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Justice M.M. Das, Chairman, Commission of Inquiry