Duped chit fund investors from Surat in Gujarat, who have been duped by Odisha-based chit fund companies, on Tuesday staged a demonstration in front of the Odisha Bhavan, State Government’s guesthouse, in New Delhi, demanding return of their invested money at the earliest.
Hundreds of investors of chit fund companies like Oscar, Green India and Micro Finance holding placards sat in a dharna in front of the Odisha Bhavan and demanded that the Central Government intervene in the matter and confiscate the properties of the tainted chit fund firms for early refund of money to the investors.
Sources said the investors under the banner of the Pravasi Odia Chit Fund Khyatigrashta Mahasangh would meet various Union Ministers to apprise about their grievances.
Meanwhile, the Central Bureau of Investigation (CBI) on Tuesday arrested two directors of Midas Touch, a chit fund company, from Vadodara in Gujarat. The company is accused of duping around Rs50 crore from investors in Odisha. The arrested were identified as company CMD Soubhagya Samal and director Nirupama Samal.
Notably, the CBI had on April 17 last year filed a preliminary chargesheet against Soubhagya Samal, Nirupama Samal, Midas Touch Assets and Securities ltd and Midas Touch Realtech ltd. (both represented through its Managing Director Soubhagya Samal) for under various Sections of IPC and Prize Chits and Money circulation Schemes (Banning) Act, 1978.
On August 5, 2014, the CBI had conducted search operation on Midas Touch Assets and Securities ltd across five districts in the state in connection with the multi-crore chit fund scam.