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

Candidates face chit fund heat in Kendrapara

Post News Network
Updated: February 15th, 2022, 06:07 IST
in State, Top Stories
0
Share on FacebookShare on TwitterShare on WhatsAppShare on Linkedin

Kendrapara: Even though issues like motorable roads, electricity, education and healthcare figure at the top of the voters’ wish list in Kendrapara, scores of people here are sore over the money they have lost to ponzi firms.

An association of the chit fund victims has been carrying out an agitation for an indefinite period which reminds voters of their losses to the chit fund firms.

Also Read

Child marriage

Odisha to step up fight against child marriage

6 hours ago

Akash Deep, Anshul Kamboj return to Test squad for New Zealand tour

6 hours ago

Candidates of opposition parties like Congress and BJP have been highlighting the issue before the voters, apart from basic issues.

Ponzi companies like Rose Valley, Oscar, Seashore, Artha Tatwa and others have duped thousands of people in the district of crores of rupees through lucrative schemes.

The chit fund scam has broken the financial backbone of thousands of gullible people, whose sufferings and unhappiness are expected to reflect on the polling, some political observers said.

Notably, the state government had constituted a corpus fund of Rs 300 crore in 2016 to return the invested money to the complainants.

The ponzi victims had furnished their documents related to the deposits at tehsil offices with the hope of getting the refund, but to no avail. It was seen that voters are now asking the candidates during the campaigning about refund of their hard-earned money.

The ponzi victims under banner of ‘Arthika Sanstha Dwara Khyatigrasta Milita Mancha’ have launched indefinite protests in front of all tehsil offices in the district.

At some places, sarpanch, samiti member and zilla parishad candidates are facing questions over the issue from the voters. Many of them are trying to evade the questions with the assurance they would fight for return of their money.

Swarnalata Sahu, a resident of Mangalpur under Derabish block, said she had invested `16 lakh in a chit fund company, but could not get back her money even after running from pillar to the post for years.

“The creation of a corpus fund has rekindled our hope of getting back our money and we had also furnished our documents at the tehsil offices, but no step was taken in this direction,” she said, adding that the ponzi victims have resumed the agitation over the government apathy.

SK Azan, a resident of Kendrapara Town, claimed that over 10,000 people in the district have been affected by the ponzi scams.

“Some people who had parked their money, which they had saved for their daughters’ marriages, in ponzi companies have become paupers now. All their deposits have gone down the drains. Some people have even died waiting for their deposits,” he rued.

Those who have saved their money in Sahara group are in utter misery. Candidates of the ruling party are facing questions directly from the people about the chit fund money.

“However, BJP and Congress candidates are taking advantage of the people’s discontent and blame it on the ruling party. Chit fund has become a major issue in most rural pockets,” Azan added.

PNN

Tags: Artha TatwaASDKMMCANDIDATESChit fundface heatKendraparaOscarrose valleySeashore
ShareTweetSendShare
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

Akshaya Kumar Dash

December 12, 2019
#MyPaperBagChallenge

Narendra Kumar

December 12, 2019
#MyPaperBagChallenge

Arya Ayushman

December 12, 2019
#MyPaperBagChallenge

Adrita Bhattacharya

December 12, 2019
#MyPaperBagChallenge

Surya Sidhant Rath

December 12, 2019
#MyPaperBagChallenge

Archit Mohapatra

December 12, 2019
#MyPaperBagChallenge

Pratik Kumar Ghibela

December 12, 2019
#MyPaperBagChallenge

Sibarama Khotei

December 12, 2019
#MyPaperBagChallenge

Chinmay Kumar Routray

December 12, 2019
#MyPaperBagChallenge

Mrutyunjaya Behera

December 12, 2019
#MyPaperBagChallenge

Tapaswini Mallick

December 12, 2019
#MyPaperBagChallenge

Anup Mahapatra

December 12, 2019
#MyPaperBagChallenge

Amritansh Mishra

December 12, 2019
#MyPaperBagChallenge

Anshuman Sahoo

December 12, 2019
#MyPaperBagChallenge

Geetanjali Patro

December 12, 2019
#MyPaperBagChallenge

Pragyan Priyambada

December 12, 2019
#MyPaperBagChallenge

Debasis Mohanty

December 12, 2019
#MyPaperBagChallenge

Rajashree Pravati Mohanty

December 12, 2019
#MyPaperBagChallenge

Pratik Kumar

December 12, 2019
#MyPaperBagChallenge

Rajashree Manasa Mohanty

December 12, 2019
#MyPaperBagChallenge

Jhili Jena

December 12, 2019
#MyPaperBagChallenge

Saishree Satyarupa

December 12, 2019
#MyPaperBagChallenge

Subhajyoti Mohanty

December 12, 2019
#MyPaperBagChallenge

Priyabrata Mohanty

December 12, 2019
#MyPaperBagChallenge

Kamana Singh

December 12, 2019
#MyPaperBagChallenge

Spinoj Pattnaik

December 12, 2019
#MyPaperBagChallenge

Matrumangal Jena

December 12, 2019
#MyPaperBagChallenge

Vandana Singh

December 12, 2019
#MyPaperBagChallenge

Ipsita

December 12, 2019
#MyPaperBagChallenge

D Rama Rao

December 12, 2019

Archives

Editorial

Anxiety After 2024

October 14, 2026

Defeat in Ayodhya in 2024, where the Ram temple was built with much pomp, appears to have deeply shaken the...

Read moreDetails

Clash of Titans

Elon Musk
October 13, 2026

One of the infirmities that democratically elected governments the world over suffer from is the extra-constitutional powers that captains of...

Read moreDetails

SIR: Number Games

SIR
October 12, 2026

At a time when there are nationwide protests demanding the resignation of Chief Election Commissioner (CEC) Gyanesh Kumar over the...

Read moreDetails

Democratic Decline

Aakar Patel
October 11, 2026

By Aakar Patel In 5 March 2021, the Press Information Bureau of the Government of India put out a statement...

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