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Tripura govt will sell NBFC, chit funds' properties to pay

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Press Trust of India Agartala
Last Updated : Sep 02 2019 | 6:20 PM IST

Tripura Chief Minister Biplab Kumar Deb said on Monday that the state government will sell the properties of NBFCs and chit funds after the disposal of cases against them and distribute the money among investors who had been deceived by the companies.

BJP had pledged that investigations against the chit funds and the non banking financial compnaies would be initiated and 83 cases have been registered after the BJP-IPFT government came to power in the state, he told the Assembly.

After disposal of the cases our government will sell the properties, including lands and buildings and the money from it will be distributed among the poor who were deceived by the NBFC and chit fund companies, the chief minister told the Assembly in reply to a question by Sudhangshu Das of BJP during question hour,

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First Published: Sep 02 2019 | 6:20 PM IST

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