All the cases filed against the Chit Fund companies’ agents will be withdrawn. A special court or officer will look into matter to expedite it including as how to return back the money to investors.
A decision to this effect was taken on Tuesday at a cabinet meeting chaired by Chief Minister Bhupesh Baghel at Mantralaya (Mahanadi Bhawan). Several other important decisions were also taken.
Briefing the media after cabinet meeting, Agriculture and Water Resources minister Ravindra Choubey said, “Cabinet has decided to withdraw all the cases filed against the Chit Fund companies' agents. The government will make arrangements to return the money of the local investors at the earliest.”
He said, “Around 286 agents had been arrested, 263 challans had been filed against the agents in different courts of state while 424 cases had been instituted against the chit fund companies. There are around 199 known Chift Fund Companies operating in Chhattisgarh.” Minister said, “As per the estimates, an amount of Rs 11.5 million had been deposited by around 2.70 lakh investors in the Chit Fund Companies. So, cabinet held discussion over constituting Special Courts or Special officers to look into the matter expeditiously.”