Chit funds: Court orders attachment of property of Rs 127.48 cr

Published on: 

Chhattisgarh courts have given the final orders for auction and attachment of properties of Rs 127.48 crores against chit fund companies, police officials said on Monday.

The information was given while Director General of Police Ashok Juneja took a review meeting with the Inspector General of Police of all ranges and Superintendents of Police of all districts through video conferencing.

Based on the orders, the state government has initiated the auction and attachment of property, thus recovering Rs 54.90 crores. Of this, Rs 33.50 crores have been disbursed among 45,593 investors.  The district Collectors have also been asked to expedite the auction and disburse the amount to the investors. The properties outside the state should also be attached, an official communication said.

The DGP underlined the need for stern action against drugs and its syndicate. A comparative review of action initiated against social evils like gambling, speculation, sale of illegal liquor and illegal weapons was also done.

The DGP said illegal activities are expected to rise ahead of elections. So, immediate action needed to be taken to control them.

Juneja underlined the need for speedy disposal of remaining criminal cases registered against local tribals in Naxalite-affected areas through courts.

Daily Pioneer
dailypioneer.com