Chit Fund Scam: Odisha Govt Extends Tenure Of MM Das Commission
Bhubaneswar: The Odisha government on Saturday extended the tenure of Justice MM Das Commission probing into the multi-crore chit fund scam by the next six months.
A notification in this regard was released by the Home department on Twitter today. Earlier, the government had fixed February 4, 2019, as the deadline.
State Government extends the tenure of the Commission of Inquiry on Unauthorised Collection of Public Deposits for a further period of six months beyond 4th February, 2019. Link https://t.co/Y4YtAtxfOJ
— homeodisha (@homeodisha) February 2, 2019
Notably, the commission was formed in July 2013 by the state government to probe into the chit fund scam. The Inquiry commission has so far submitted five interim reports and has identified lakhs of small investors, who have invested less than Rs 10,000 in the chit fund companies.
The commission has recommended the state government to take measures for the refund of money to duped investors.