Duped investors to intensify stir in dist level from Sept 10

BHUBANESWAR: The Arthika Samsthamananka Dwara Kshatigrasthanka Milita Mancha, a duped investors’ body, would intensify stir from September 10 at the district level demanding recovery of their money deposited with the fraudulent companies. The stir would continue till September 16, said Mancha convener Jayant Das addressing a Press conference here on Friday.

The Mancha submitted a memorandum to the Chief Secretary demanding rapid redressal of the plights of investors and refund of the depositors’ money within a time frame.  

The body in its six-point charter of demands urged the State Government to notify the name of officers and offices in every block or tehasil where the depositors can submit the proof of deposits made by them to any of these companies by which investigation will be smooth to know the quantum of fraud made by companies.

They further demanded the Government to appoint an Assets Management and Valuation Committee under the Finance Department to take charge of the movable and immovable properties seized by the police. The Government must enact stringent law to protect the interest of depositors and appropriate rules should be framed to implement the Act which is assented recently by the President of India.

The Government’s announcement to create corpus fund and the recovery of depositors’ money has remained non-starter. “The State should take immediate action, otherwise we will intensify our stir to the grassroots level,” said Das.