Investors can file petitions in commission: Justice Patra

Image
Press Trust of India Bhubaneswar
Last Updated : Jul 10 2013 | 7:55 PM IST
A day after Odisha government naming Justice R K Patra as head of the commission of inquiry to probe into chitfund scam, the former Chief Justice of Sikkim High Court today said he would try his best to protect interest of the investors.
"I will also try to identify politicians or bureaucrats, if any, involved in this illegal activities. This is part of the term and reference of the commission of inquiry," Justice Patra said.
Justice Patra also said that the commission would make suggestions to make arrangements in order to ensure safety of depositors money in future.
Asked when the investors can file affidavits, Justice Patra said the work would start as soon as the state government provided required infrastructure.
He said police, politicians and people from all sections of the society can file affidavits before the commission.
Chief Minister Naveen Patnaik had announced name of Justice Patra yesterday after the Orissa High Court informed the state government that no sitting judge could be spared to head the commission of inquiry.
The government has also decided to open cells in every district in the office of the superintendents of police (SP). "SPs have been directed to meet complaints on regular basis," he said.
The commission will be asked to submit its report in three-months time, the state government said, adding that it would inquire into the activities of ponzi companies including Saradha, Seashore, Artha Tatwa and others.
Meanwhile, the commissionrate of police has submitted its chargesheet against the Artha Tatwa Group which allegedly duped investors of several crores. At least seven persons including AT Group's chairman Pradip Sethi has been named in the chargesheet, sources said.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 10 2013 | 7:55 PM IST

Next Story