I am a victim of chit fund scam too: Odisha CM Mohan Majhi
Bhubaneswar, Dec 24: Odisha Chief Minister Mohan Charan Majhi on Tuesday claimed that he was also a victim of chit fund scams and urged people to be aware of the activities of ponzi firms to save their hard-earned money.
Majhi said this while addressing a function to celebrate the State Level National Consumers Day here. "I was also a victim of chit fund scams. Two firms had duped me in 1990 and 2002," the chief minister said, adding that he could not get back his money as the process of recovering the money was too cumbersome and too lengthy.
Claiming that he lost the investment in two ponzi firms, the chief minister said he was influenced by the sweet talks made by the firm agents and arranged money to deposit in certain schemes. "However, when the maturity period came, I could not find the companies where money was deposited," he said.
The chief minister said there has been a lot of change now as the Centre has formulated and strengthened regulations to stop cheating and duping of consumers.
The CM praised the BJP-led central government for amending the Chit Funds Act, 1982, in 2019, to ensure transparency in chit fund schemes. He mentioned that the amended legislation addressed the loopholes in the previous Act.
In Odisha, around 70 lakh people were allegedly duped by ponzi firms. Following a Supreme Court order in May 2014, the CBI investigated at least 44 companies, including Kolkata-based Saradha Group and Odisha-based Seashore and Artha Tatwa groups. These ponzi firms reportedly collected around Rs 4,600 crore from people in the state over four years.
Before the 2014 general elections, the then BJD government led by Naveen Patnaik formed a commission and set up a Rs 300 crore corpus fund to refund the duped small depositors. The commission, headed by Justice MM Das, identified around 1 lakh small depositors who lost Rs 10,000 or less.
In response to a written question in the Assembly, Majhi informed that around 2 lakh small investors had already received their money back.
Jayant Das, convenor of the Odisha Khytigratha Jamakari Milita Manch, criticised the state government for not taking measures to refund money to depositors duped by different ponzi firms, despite the ruling BJP’s election promise to refund the chit fund-affected people within 18 months.
However, Housing and Urban Development Minister KC Mohapatra assured that the BJP government would keep its promise and that the depositors would get their money back in the coming days.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Bengaluru jail introduces biometric tracking system for prisoners
Bengaluru: In a bid to curb misconduct and illegal activities inside Parappana Agrahara Central Prison, prison authorities have introduced a new ‘Prisoners Tracking Movement System’ under which inmates will have to undergo biometric verification while entering every barrack.
According to jail officials, biometric systems have been installed across all major sections of the prison, including barracks, visitor rooms, hospital, canteen, kitchen, library, playground, handicraft units and bakery sections. Staff members have also been deployed at these locations.
Officials said inmates visiting the visitors’ room must now obtain a digital token after biometric verification. Details such as the prisoner’s name, identification number and entry time will be updated in the prison software system. This will help authorities maintain a complete digital record of inmates visiting and returning from meeting rooms.
Similar systems have also been introduced at entry points of the hospital, library and other barracks accessed for work-related purposes. Officials said the system will help identify prisoners involved in suspicious or illegal activities with other inmates and enable authorities to track how much time a prisoner spends at different locations inside the prison.
Authorities stated that AI-powered cameras were already being used inside the prison to monitor inmates as well as prison staff. Along with this, digital tracking of prisoner phone calls and a digital token system for visitor meetings have now been added to strengthen surveillance over inmate movement. Officials said the project has been implemented at a cost of around Rs 2.25 crore.
The prison department has also introduced a canteen usage tracking system to monitor prisoners’ spending patterns. Instead of direct cash payments, inmates can purchase bakery items and snacks using wallets or coupons issued within the prison system.
Officials said the digital system will record details including the buyer’s name, items purchased, quantity, date, time and remaining wallet balance. This will allow prison authorities to maintain complete expenditure records of inmates.
