Going stern on the cases of duping of investors by irregular finance companies (chit fund companies), state police till date arrested 932 persons and confiscated properties worth Rs 7.92 crore.
According to information from police headquarters, a total of 484 cases were registered against irregular finance companies in between 2012 and October 2019. Acting upon 307 cases, 468 directors, 185 office bearers and 279 others were arrested and chalan were presented in the court. In 154 cases among them properties of the directors were earmarked, the official said.
In auction of the confiscated properties Rs 7.92 crore was realized and was deposited in the state treasury, they said. Followed by it the process of return of the investment by the investors has also been started, they added.