156 chit fund firms’ addresses untraceable

| | CUTTACK | in Bhubaneswar

The commission headed by Justice MM Das probing the multi-crore chit fund scam has failed to trace the addresses of as many as 156 dubious ponzi firms in Odisha.

This was revealed during the fifth-phase verification of the affidavits submitted by depositors at office of Justice MM Das here on Thursday.

The probing panel, which is verifying 2.52 lakh affidavits in the fifth phase, is all set to serve notices to 486 chit fund firms in connection with the scam. However, the correct addresses of 156 firms out of total 486 are untraceable so far.

The commission has directed the Economic Offences Wing (EOW) of the Crime Branch police to provide addresses of the MDs, directors, chairmen and senior officials of the elusive chit fund companies to serve the notices. A similar situation had also occurred earlier. Even the EOW had failed to provide exact addresses of some chit fund firms in various phases. The commission had issued the notices to these dubious firms through newspapers.