Investors throng Saradha offices, NBFCs for return

Jharkhand govt has brought over 100 NBFCs, operating in various districts under scanner

The much publicized chit fund scam of Saradha Group companies in Kolkata and Assam, has evoked widespread outburst among the depositors in urban and rural Jharkhand.

The people who have invested their money have been thronging in the offices of the chit fund companies and non-banking financial companies ( NBFCs) to get back their deposits.

But they were turning back as the offices of the outfits were closed since last one month after the scam came to light.

In the state capital Ranchi the office of the Saradha Group company was closed since last one month. The Jharkhand government has brought over 100 NBFCs, operating in various districts under the scanner.

These NBFCs were booked for violating the public deposit norms of the Reserve Bank of India (RBI) and the Security Exchange Board of India (Sebi).

According to official sources more than 25,000 people had invested in the NBFCs in Jharkhand. Deputy commissioner, Deoghar Rahul Purwar said  that he had sealed the offices of over 30 NBFCs in the district.

Deputy commissionr Godda Ravi Kumar said a task force was set up to inquire into the allegations against violation of the RBI and Sebi rules.

Sub-divisional officer (SDO), Godda Pawan Kumar said around 300 people were cheated in the district and FIRs were lodged  against 29 NBFCs and their offices have been sealed.