As many as four chit-fund companies have returned more than Rs 46 lakh to 105 investors following orders of the district administration. The companies include PACl India limited, HBN, CMD Private limited and PGF limited.
Treasury Officer NK Mishra said that a Committee was constituted by the Collector Thakur Ram Singh to investigate into irregularities by a number of chit fund companies operating in the city. The investigation is going on and four companies have been asked to return money of the investors.
HBN Dairies and Allied limited having its office in New Rajendra Nagar has been asked to return Rs 43,20597 to 101 investors. The investors were promised of high returns on maturity of policy but the returns were not provided as promised.
Similarly, the administration has ordered PACl India limited to return Rs 2,21,000 on the complaint of Sujan Singh Verma and Rs 20,000 on the complaint of Jagdev Singh.
PGF limited has been directed to refund Rs 29,000 on complaint of Dharmendra Kumar Shukla while CMD Private limited has been instructed to return Rs 20,000 on complaint lodged by Ajay Kumar Sahu.
The companies have deposited the stated amount at their Raipur offices and the money will be refunded to the complainants.
A complaint was also lodged by the investors with the Chief Minister Raman Singh in December 2013 against HBN Dairies and Allied limited after which police had also started investigation of the activities of the company.
Special Investigation Cell of police had also raided the Delhi office of HBN company few days ago. Sources said that SIC had got inputs that the company had done huge investments in real estate in Raipur. SIC is collecting details of properties owned by the company and will confiscate the properties if needed.
Apart from the above stated companies, the Committee formed by the Collector is investigating the records and working of ten more chit fund companies operating in the city.