Millennium Post

Odisha Govt seeks court-monitored probe in chit-fund scam

Following the steps of the West Bengal, the Odisha government on Monday sought a court-monitored CBI investigation into the multi-crore chit-fund scam, telling Supreme Court that the probe was not going on at the desired pace. Earlier the Mamata Banerjee-led government had demanded a court-monitored CBI probe into the Saradha chit fund scam, but their plea was turned by the apex court.

The court, while adjourning the hearing on a PIL filed by Alok Jena on the chit-fund scam in Odisha, asked Additional Solicitor General (ASG) Maninder Singh, appearing for CBI, to file the response on the probe conducted so far. A bench comprising justices TS Thakur and Adarsh Kumar Goel said, “We have made clear to CBI that it will have to investigate the cases which have been transferred to it.” 

The court also asked the ASG whether the probe agency was filing any plea seeking modification of May 9 order by which it was asked to take over entire investigation against firms, including Saradha, in chit fund scams in West Bengal, Odisha and Assam. “Yes, they (CBI) are in the process,” said ASG.

The CBI had earlier said that due to lack of manpower, it has been unable to take up probe in all chit-fund scam cases. The apex court had on May 9 ordered CBI probe into chit fund scams in West Bengal, Odisha and Assam in which various companies, including Saradha, had allegedly duped investors of around Rs 10,000 crore, while taking note of allegations of scamsters getting “patronage” of people in “high positions.”
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