BHUBANESWAR: Investors duped by
financial institutions would stage a massive rally at the PMG Square in the
city on July 31 demanding recovery of their money deposited in the fraudulent
companies. Investors from different districts would attend the rally, said
convener of duped investors’ body Jayant Das.
Das said 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 common 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, alleged Das.
The body demanded 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 that with the police.
Among other demands, probe by
Enforcement Directorate with active supervision of the High Court, exemplary
punishment to the fraudsters, a special law should be passed for the recovery
and protection of the investors’ deposited money.
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