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BHUBANESWAR: Investors across the State duped by financial institutions staged a
massive rally at the PMG Square in the city on Wednesday demanding recovery of
their money deposited in the fraudulent companies.
Thousands of investors from
different districts came in a procession started from Railway Station to the
Lower PMG and staged a rally in front of the State Assembly seeking refund of
invested money. The investors while shouting slogans demanded a CBI probe into
the matter.
According to convener of duped
investors’ body Jayant Das, the Centre and the State failed to protect the
interest of the investors and left the non-banking financial institutions to
loot them.
“The State allowed the police to
probe the financial fraud committed by Artha Tatwa Group which is unfortunate.
The State has recently declared to form a corpus fund of Rs 300 crore to help
the investors, but the State is yet to publish a gazette notification regarding
this,” he alleged.
The body in its six-point charter
of demands, urged the State Government to open grievance cells at block level
to take actual data of individual investors regarding their investment in the
companies. It also demanded that the seized property should be kept with the
Finance Department instead of keeping it with the police and then the State go
for liquidation of assets of the companies which were seized in recent past for
distribution among the affected investors.
The other demands of the
association include probe by Enforcement Directorate with active supervision of
the High Court, exemplary punishment to the fraudsters and a special law for
the recovery and protection of the investors’ deposited money.
“If the State fails to fulfill
our demands, we will stage demonstration in the State Assembly on August 20,”
said Das.
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