Gujarat Congress Guarantees Relief To Investors Duped By Chit Fund Companies  - Vibes Of India

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Gujarat Congress Guarantees Relief To Investors Duped By Chit Fund Companies 

| Updated: September 23, 2022 19:29

Gujarat Congress on Friday promised to provide relief to victims of chit fund scam by transferring Rs 10,000 crores to investors. Chhattisgarh government transferred around Rs 7.33 crore to 16,796 investors who had been duped earlier by a chit fund company. Gujarat Congress plans to do the same in the State if they come to power. 

Dr Manish Doshi, Spokesperson, Gujarat Pradesh Congress Committee said, “We guarantee to form a Special Investigation Team and put the culprits of this financial scam behind the bars. Their assets will be seized and once they are liquidated– money of the investors who were duped by the chit fund company will also be returned.” 

“We invite people to witness the efficient work of Chhattisgarh Congress–led by CM Bhupesh Baghel–where investors’ money was returned by the government. Unlike Chhattisgarh Congress, Gujarat government has shown a deaf ear to victims of this scam. Companies such as Jay Vinayak, Oscar, Goras, Vishwamatri PACL and other companies involved in the financial scam.” adds Doshi. 

Dr Manish Doshi, Spokesperson, Gujarat Pradesh Congress Committee

In the chit fund scam, several corporate companies across India made towering promises regarding deceptive investment schemes and had lured unemployed youths by offering them higher remunerations and commissions, but ultimately, they all fled away after making huge profits. 

According to sources, in the year 2017, the Gujarat government had claimed that a big chunk of money worth INR 713 crore was invested from around 4,62,687 lakhs of people hailing from Surat, Ahmedabad, Vadodara, and Rajkot districts of the state.

Over 5 lakhs of complaints were registered against this scam, but no hearing has been made till date. Most of the investors are less educated and agricultural labourers and could hardly earn for their survival. These forged companies made an easy target to the tribal belts ranging from Ambaji, based-in-Banaskantha district to Umargam, also known as Umbergaon, which is based in the Valsad district of Gujarat.

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