Chit Fund Companies Duped Customers of Rs 1330.02 Crore In Assam

GUWAHATI: Chit fund companies with their ponzi schemes have fraudulently collected more than Rs 1330.02 crore from common customers across Assam. Revealing this in the Assembly on Monday, Parliamentary Affairs Minister Chandra Mohan Patowary on behalf of State Home Minister pointed out that investigations have been carried out against these companies and more than 4,000 persons have been interrogated in this regard. The question was raised by the leader of the Opposition and Congress legislator Debabrata Saikia.

So far, the State government has handed over 15 of the cases to the CBI (Central Bureau of Investigation). On the other hand, while the BIEO (Bureau of Investigations Economic Offences) has on its own registered 67 cases, the CID (Criminal Investigation Department) has registered 10 such fraud cases.

The highest number of 90 cases have been registered in Kamrup (M) followed by Cachar (66 cases), Barpeta (61 cases), and Dhubri (50 cases). Some of the other districts where the chit fund companies have had their major bases are Sivasagar (30 cases), Kokrajhar (22 cases), Tinsukia (17 cases), Hailakandi and Nalbari (11 cases each).

Amrit Project has duped common investors to the tune of Rs 566.90 crore. BIEO is investigating the case. A few other companies that have similarly cheated customers are Amrit Project (NE) Ltd Rs 200 crore; Rangdhali (Rs 200 crore); Jeevan Suraksha (Rs 15 crore); and UNIPAY2U (Rs 14, 52,000) among others.

Investigations are on with respect to Rose Valley, Saradha, Reliance Money, Bandhan Agro Industry Company Ltd besides a number of such other chit fund companies, the Minister added.

Also Read: Top Headlines