Business Standard

Saturday, December 21, 2024 | 12:32 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Commission yet to have database for storing affidavits

Image

Press Trust of India Cuttack
The judicial commission of inquiry headed by Justice R K Patra, probing into alleged fraudulent activities of chit fund companies in Odisha, has now a gigantic task of scrutinising over 10 lakh affidavits it has received.

But what ails the panel now is that it does not have a proper database to store these affidavits for ready reference, Commission sources said.

A team of home department officials visited the office of the Commission here recently to discuss the problem and make arrangements for a proper database of these affidavits, the sources said.

The Commission set up over a year now has so far scrutinised only half of the affidavits it has received, the sources said.
 

Meanwhile, in view of a number of chit fund companies approaching the Commission seeking to refund investors' money, the Commission has written to CBI asking it to evolve a mechanism to facilitate the ponzi companies to return the investors' money.

According to sources, a Kolkota-based company has already returned over Rs 32.56 crore to Odisha investors after taking permission from the judicial commission of inquiry.

Prayag Infotech High-rise Limited has returned the money to at least 18,596 investors, they said.

The sources further informed that another company has also expressed its desire to return the money to its investors and accordingly the company has placed a request before the Commission in form of an affidavit.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 09 2014 | 12:40 PM IST

Explore News