Chit fund panel extends affidavit filing deadline
Instead of using stamp paper, people can file their affidavits in plain paper by affixing Rs 3 court fee stamp
Aug 22, 2013
Source : The Times of India


CUTTACK: The Justice R K Patra Commission of Inquiry, probing into the multi-crore chit fund scam in the state, on Wednesday extended the deadline for submission of compliants before it by 18 days.

Earlier, the last date for filing the affidavits was August 31. But looking at the huge inflow of affidavits, the commission has extended the deadline to September 18. The commission invited affidavits on August 6 and till now has received a whopping 16,500 affidavits from depositors, who have been duped by various chit fund companies. "Considering the large number of affidavits received, I have decided to extend the deadline to September 18 so that more victims of chit fund scam can get the opportunity to inform us about their problems," said Justice Patra.

Commission officials stated that instead of using stamp paper, people can file their affidavits in plain paper by affixing Rs 3 court fee stamp.

"It was noticed that people are quite confused about the ways to prepare and file affidavits and are also being charged heavily by lawyers for it. To provids relief to the people, the commission has streamlined the process and allowed them to submit affidavits in plain paper instead of stamp paper," said an official of the commission.

The state government on July 9 had appointed a retired judge of the Orissa high court to inquire into the chit fund scam. Though exact amount of money swindled is still not known, conservative extimates show over six lakh people have been duped of over Rs 3,500 crore by several chit fund companies. The state police and crime branch have filed over 280 cases related tothe scams and initiated action against 127 firms. Some of the major companies involved in the scam are Seashore group, Arthatatwa, Rose Valley and Green Ray International Limited.



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