States

Speed up the process of getting back the deposits of investors from chit fund companies: Chief Minister Bhupesh Baghel

Raipur (the states. news) Chief Minister Mr. Bhupesh Baghel has directed the officials concerned to take prompt action to get back the deposits of investors from chit fund companies. Chief Minister has given instructions to constitute a committee of Collector and Superintendent of Police at district-level. This committee would review the progress of action being taken against the chit fund companies, by holding weekly time-bound meetings. Action for recovery should be taken as per the rules, after gathering information about the properties of chit fund companies from investors and local people at district-level. Chief Minister suggested officials to develop portal for the same. Chief Minister gave these instructions in the meeting, organized to review the works of the Home Department, at his residence office today.

It was informed in the meeting that 427 cases have been registered against 187 unregulated chit fund companies in the state, out of which 265 cases are pending in the courts. So far, Rs 9 crore 32 lakh has been attached to chit fund companies and Rs 7 crore 86 lakh has been returned to 17 thousand 322 investors.

Chief Minister has directed the police force to take strict action to curb the activities such as betting, gambling, illegal liquor business. He said that the field staff in police stations should perform their duty diligently and senior officers should continuously monitor their work. (media saheb.com)