Odisha News, Odisha Latest news, Odisha Daily - OrissaPOST
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
No Result
View All Result
OrissaPOST - Odisha Latest news, English Daily -
No Result
View All Result

Chit fund investors go on indefinite strike

Updated: February 19th, 2019, 19:53 IST
in Home News, Metro
0
Share on FacebookShare on TwitterShare on WhatsAppShare on Linkedin

Bhubaneswar: The agitated victims of the multi-crore scam from across Odisha resorted to an indefinite strike here under Arthika Sansthamanankadwara Kshatigrastanka Militamancha (ASKMM) Tuesday demanding refund of their hard earned money. They also organised a huge rally from the Master Canteen Square to Lower PMG. The protesters marched towards the Lower PMG Square where they sat on indefinite dharna till their demands are met.

“The state government should identify the chit fund investors who have been duped and take necessary arrangements to refund their money at the earliest. We will continue our protest till the government refunds our money,” convener of the Manch and RTI activist Jayant Das said.

Also Read

Air India plane crash

Odisha approves ‘B-MAAN’ scheme to boost aviation sector

1 hour ago
Odisha govt

Odisha activates disaster preparedness as cyclonic storm nears Andhra coast

4 hours ago

“The Government has been assuring us for the last six years that our money would be refunded, the duped investors would be identified and the faulty law would be amended. But nothing has been done yet.” Das added.

Taking a dig at the state government, Das said the government is able to identify the beneficiaries of the newly-launched KALIA scheme within weeks and credit money to their bank account, but it cannot help the investors who have lost their hard-earned money. It shows the government’s gross apathy towards chit fund investors.

He also pointed out that the state government, in 2013, had announced a Corpus Fund of Rs 300 crore to refund the money to the chit fund investors. While Justice MM Das Commission has identified nearly 3.5 lakh small investors (who have deposited Rs 10,000 and less in the chit fund companies) and recommended the state government to refund their money, the latter is yet to take any effective steps.

In his reactions, senior BJD leader and Odisha Finance Minister Sashi Bhusan Behera said, “The chit fund investors haven’t lost faith because we have already started the process of refund to the small investors identified by the Commission. The delay is due to caution that the government is exercising in repaying the money,” he clarified.

He also asserted, “The process of refunding has already started and the fact that none have received the refund is incorrect.”

Janardan Pradhan a victim of the chit fund fraud said, “I’ve deposited Rs 14 lakh in a chit fund. Five years have elapsed since the state government’s assurance and I’m yet to get back my money. If we don’t get the refund before the upcoming general elections, we would continue the protest.”

 

Tags: Chit Fund scamKALIA schemesmall depositors
Share5TweetSendShare
Suggest A Correction

Enter your email to get our daily news in your inbox.

 

OrissaPOST epaper Sunday POST OrissaPOST epaper

Click Here: Plastic Free Odisha

#MyPaperBagChallenge

Debasis Mohanty

December 12, 2019
#MyPaperBagChallenge

Bijswajit Pradhan

December 12, 2019
#MyPaperBagChallenge

Pratyasharani Ghibela

December 12, 2019
#MyPaperBagChallenge

Chinmay Kumar Routray

December 12, 2019
#MyPaperBagChallenge

D Rama Rao

December 12, 2019
#MyPaperBagChallenge

Parbati Mohanty

December 12, 2019
#MyPaperBagChallenge

Manas Samanta

December 12, 2019
#MyPaperBagChallenge

Anup Mahapatra

December 12, 2019
#MyPaperBagChallenge

Geetanjali Patro

December 12, 2019
#MyPaperBagChallenge

Pitabas Tripathy

December 12, 2019
#MyPaperBagChallenge

Sitakanta Mohanty

December 12, 2019
#MyPaperBagChallenge

Narendra Kumar

December 12, 2019
#MyPaperBagChallenge

Aishwarya Ranjan Mohanty

December 12, 2019
#MyPaperBagChallenge

Lopali Pattnaik

December 12, 2019
#MyPaperBagChallenge

Praptimayee Biswal

December 12, 2019
#MyPaperBagChallenge

Subhajyoti Mohanty

December 12, 2019
#MyPaperBagChallenge

Archana Parida

December 12, 2019
#MyPaperBagChallenge

Sisirkumar Maharana

December 12, 2019
#MyPaperBagChallenge

Keshab Chandra Rout

December 12, 2019
#MyPaperBagChallenge

Sarfraz Ahmad

December 12, 2019
#MyPaperBagChallenge

Priyabrata Mohanty

December 12, 2019
#MyPaperBagChallenge

Swarit Praharaj

December 12, 2019
#MyPaperBagChallenge

Rajashree Pravati Mohanty

December 12, 2019
#MyPaperBagChallenge

Anshuman Sahoo

December 12, 2019
#MyPaperBagChallenge

Faiza Firdous

December 12, 2019
#MyPaperBagChallenge

Surya Sidhant Rath

December 12, 2019
#MyPaperBagChallenge

Sibarama Khotei

December 12, 2019
#MyPaperBagChallenge

Kamana Singh

December 12, 2019
#MyPaperBagChallenge

Vandana Singh

December 12, 2019
#MyPaperBagChallenge

Mrutyunjaya Behera

December 12, 2019

Archives

Editorial

PM’s Brainstorming

Power of Continuity
October 25, 2025

It’s not every day that a Prime Minister spends hours in brainstorming sessions with senior bureaucrats. But that’s exactly what...

Read moreDetails

The New China Shock

Shoumitro Chatterjee & Arvind Subramanian
October 24, 2025

By Shoumitro Chatterjee & Arvind Subramanian China’s rising trade surplus is once again causing unease in the United States and...

Read moreDetails

Xi’s Purges

Brahma Chellaney
October 23, 2025

Brahma Chellaney During his 13 years in power, Xi Jinping has steadily tightened his grip on all levers of authority...

Read moreDetails

Behold Gen Z

GenZ
October 22, 2025

A new wave of political movements without any so-called ideological underpinning except for deafeningly noisy demands for basic citizens' needs...

Read moreDetails
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Editorial
  • Opinion
  • Sports
  • About Us
  • Advertise
  • Contact Us
  • Jobs
Developed By Ratna Technology

© 2025 All rights Reserved by OrissaPOST

  • News in Odia
  • Orissa POST Epaper
  • Video
  • Home
  • Trending
  • Metro
  • State
  • Odisha Special
  • National
  • International
  • Sports
  • Business
  • Editorial
  • Entertainment
  • Horoscope
  • Careers
  • Feature
  • Today’s Pic
  • Opinion
  • Sci-Tech
  • About Us
  • Contact Us
  • Jobs

© 2025 All rights Reserved by OrissaPOST

    • News in Odia
    • Orissa POST Epaper
    • Video
    • Home
    • Trending
    • Metro
    • State
    • Odisha Special
    • National
    • International
    • Sports
    • Business
    • Editorial
    • Entertainment
    • Horoscope
    • Careers
    • Feature
    • Today’s Pic
    • Opinion
    • Sci-Tech
    • About Us
    • Contact Us
    • Jobs

    © 2025 All rights Reserved by OrissaPOST