Monday, June 2, 2014

Chit fund scam: Ask people to deposit money in banks, post offices, RBI tells Orissa govt

....After the CBI took over the probe last month, the SIT led by its joint director Rajeev Singh had started its probe in Orissa where the scale of the scam was found to be much larger (chit fund firms collected around Rs 4,600 crore in Orissa as compared to Rs 2,460 crore in West Bengal). Now, in a letter to the finance department, the RBI has suggested that the Orissa government raise awareness among people through print, TV and radio that they should deposit their money with banks or post offices only...........

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