*An amount of Rs 33.44 crore has been disbursed to the investors so far*
*690 directors and office bearers of chit fund companies arrested in total 465 cases*
* Chhattisgarh is the only state in the country to get back investors’ money *
Raipur, 07 June 2023
Keeping his promise made to the people of the state, Chief Minister Mr. Bhupesh Baghel has given instructions for strict action against chit fund companies. Following the instructions of the Chief Minister, continuous action is being taken against unregulated financial companies (chit fund companies) and their operators in the state, as a result of which the victims are getting their lost money back. Thousands of people had lost their hard-earned money by getting lured by high interest rates and doubling their money quickly. Now the smile has returned on the faces of those investors because the lost money of the investors is being recovered by attaching the properties of the cheating chit fund companies.
After the formation of the new government under the leadership of Chief Minister Bhupesh Baghel, the government has completely banned the operation of chit fund companies in the state. The Chief Minister has returned the amount to the investors who had invested in chit fund companies during the program organized at different places. Chhattisgarh is the only state in the country which is getting back the investors’ money. An amount of Rs 33 crore 44 lakh 77 thousand 743 has been returned to the investors from the auction of chit fund companies.
*Information about registered case of chit fund*
A total of 465 cases have been registered against 209 irregular financial companies in Chhattisgarh. In 401 cases, challans have been prepared and presented in the honorable court. In 06 cases it has been finished and in 03 cases it has been rejected. 55 cases are under investigation in the police. A total of 690 directors and office bearers have been arrested in 465 cases registered. In 64 cases, an amount of Rs 55 crore 98 lakh 90 thousand 866 has been received through auction, recovery and resignation of properties of 37 companies.
* Status of applications received in relation to chit fund *
A total of 25 lakh 68 thousand 05 applications have been submitted in the district magistrate’s offices. Out of the applications received, a total of 4 lakh 54 thousand 324 applications have been rejected, the process of redressing the remaining 20 lakh 95 thousand 407 applications is under process.
* Status of refund of victims *
In 46 cases, an amount of Rs 33 crore 44 lakh 77 thousand 743 has been distributed to investors from 38 companies. In 29 cases, an amount of Rs 22 crore 54 lakh 13 thousand 123 has been deposited in the government account from 21 companies, whose distribution is under process.
In 31 cases, auction proceedings of 17 companies worth Rs 24 crore 82 lakh 30 thousand 233 are under process with the collectors after the final order of the court. In 95 cases, the final order for attachment of property worth Rs 80 crore 81 lakh 21 thousand 99 has been issued by the Hon’ble Court. In 137 cases, the estimated value of property worth Rs 678 crore 68 lakh 63 thousand 423 has been attached, out of which property worth Rs 116 crore 63 lakh 95 thousand 262 has been attached within the state and property worth Rs 562 crore 04 lakh 68 thousand 161 outside the state. Collectors are under process for interim orders.
Similarly, in 51 cases, the estimated value of the identified property is Rs 138 crore 95 lakh 68 thousand 986, out of which Rs 107 crore 99 lakh 31 thousand 586 was sold within the state and Rs 30 crore 96 lakh 34 thousand 400 outside the state. The final order for attachment of the property is under process in the Hon’ble Court.
