Fast-track court to deal chit fund fraud

Over 200 cases registered, investors' money may be returned in six months

Acting tough on fraudulent financial entities duping innocent investors, the Odisha government has decided to get these cases settled by a fast track court.

To expedite disposal of such cases, special prosecutors will be appointed.

"Cases of chit fund fraud will now be disposed off by a fast track court. The state government will enquire into alleged involvement of politicians, officials and journalists in the chit fund scam and whoever found guilty will  be punished. Properties of all fraudulent companies will be confiscated and depositors' money will be returned. We expect all this to happen in six months. The Bill passed by the state government to deal with cases of financial fraud is pending President's assent which we hope to get soon”, said finance minister Prasanna Acharya.

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