As many as 124 cases have been registered against Non-Banking Finance Companies (NBFCs) in the State during the last five years from 2010 to 2014. Cases have been registered against 234 persons including five Company Directors also, said Home Minister Ramsewak Paikra in Chhattisgarh Assembly on Monday.
Replying to the question of Congress member Arun Vora raised in the Assembly on behalf of Congress member Motilal Devangan in his absence, Paikra said that not a single NBFC is registered in the State as registration of these companies is done by the Registrar of Companies (RoC), Government of India.
Paikra said that Chhattisgarh has passed a Bill to take action against the Chit fund companies and it is awaiting approval from the President of India. Once the approval is received, strict action will be taken against erring companies. Devangan asked that if any action has been taken against any of the Directors of the Chit fund companies and what was the amount involved in fraud committed by these companies in the State in 2014.
Paikra said that cases of fraud to the tune of Rs22 crores by the Chit fund companies have been reported in 2014. A case has been registered against Sai Prasad Company and investigation is going on, he said. Congress member Bhupesh Baghel asked if any campaign will be launched in the State against the non registered NBFCs, Paikra replied that action is being taken against them. leader of Opposition TS Singhdeo asked about number of NBFCs registered with RBI. To this, the Minister said that he will provide information separately.