The Arthika Samsthamananka Dwara Kshatigrasthanka Milita Mancha, a body of duped investors, would intensify its stir from September 10 at the district level demanding recovery of their money deposited with the fraudulent companies. The stir would continue till September 16, said Mancha convener Jayant Das at a Press conference here on Friday.
The Mancha submitted a memorandum to the Chief Secretary demanding expeditious redressal of the plights of investors and refund of their money within a timeframe.
The Mancha in its six-point charter of demands urged the State Government to notify the names of the officers and offices in every block or tehasil where the investors can submit the proof of their deposits made by them in any of these companies by which investigation would be smooth to know the quantum of fraud made by the companies.
It further demanded that the Government appoint an Assets Management and Valuation Committee under the Finance Department to take charge of the companies’ movable and immovable properties seized by the police.
The Government must enact a stringent law to protect the interest of depositors and appropriate rules should be framed to implement the Act which has been assented recently by the President of India, Das said.
The Government’s announcement to create corpus fund and the recovery of depositors’ money has remained a nonstarter. “The State should take immediate action or else we will intensify our stir at the grassroots level,” said Das.