Arthika Sansthamanakadwara Kshatigrastanka Milita Mancha (ASKMM), an association of duped chit-fund investors, on Saturday demanded that the Odisha government immediately conduct door-to-door survey so that investments made by the people could be returned in a time-bound manner.
The ASKMM also ridiculed the State Cabinet’s recent decision to amend the Odisha Protection of Interests of Depositors (in Financial Establishments) Act, 2011, in order to set up a mechanism which would help most vulnerable persons get back their investments on a priority basis.
“The Cabinet decision to identify small investors, who have made investment less than Rs.10,000, is nothing but hogwash. The State government has miserably failed to convince the investors about its seriousness to protect their interest,” said Soumya Ranjan Patnaik, advisor to ASKMM, addressing a press conference here on Saturday.
“The primary step should have been identification of affected investors, but during last two years no attempt has been made to identify the investors duped by chit fund companies,” said Rabi Das, veteran journalist.
The ASKMM has called for a massive demonstration at Bhubaneswar on June 10.
