Chhattisgarh police has recovered Rs 7.80 crore from various chit-fund companies and arrested 12 persons who were directors in these phony companies, officials said here on Monday.
As per official information in 2019, 56 case of cheating were registered against different irregulated financial companies. Police teams are also working in coordination with different state police to arrest the office bearers on the run.
The local agents who were hired by the chit-fund companies and they were not aware of spurious intentions of the companies were made witnesses in the case. Eighty such persons were made witnesses, officials claimed.
In 66 similar cases, 123 agents have agreed to become witnesses and the cases are under court’s consideration, they added.
By 2020, 178 cases were registered against different chit fund companies and their properties are being auctioned. Properties of ‘Yalko Real Estate and Agri Farming Limited’ were auctioned and Rs 7.61 crore was recovered.
Likewise, from Bilaspur ‘Kanya Welfare Society’ Rs 2.80 lakh was recovered. In the same way its property at village Pairi worth Rs 16.4 lakh was auctioned and the money was deposited in government’s account, officials informed.
“Sixty-three cases for auction are under consideration with local courts and 103 cases are pending with district collectors for the same,” officials said.