Duped chit fund investors stage stir
Aug 01, 2013
Source : The Times of India

 

BHUBANESWAR: Investors duped by SaiPragati Assets and Properties Private Limited on Monday staged a demonstration in front of the chief minister's grievance cell here demanding CBI probe into the scam. The investors alleged that the money circulation company duped around 85,000 people in the state of nearly Rs 650 crore. Currently, the Economic Offences Wing (EOW) of the Crime Branch is probing the financial irregularity by the company.

"We are not happy with the EOW inquiry. Though a few SaiPragati's top functionaries, including the managing director DebasisMohanty, were arrested, they are now out on bail. We suspect the accused are being shielded by some powerful politicians," said Susant Kumar Panigrahi, an investor from Aska in Ganjam district.

"We demand CBI probe. The state should ensure that we get back our investments," said Gopal Krushna Pradhan.

 

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