AGARTALA, September 15 (TIWN): As many as 15 cases were being identified by the state government where the properties were owned by the chit fund companies mushroomed in and around the state. According to the government report, the cases were being referred to District Magistrates for further action of the cases. Currently the Special Investigation Team (SIT) being constituted by the government after being pushed by the High Court (HC) is probing 75 cases of chit fund scam.

As on August 1, 2015 as many as 101 peoples found engaged to the chit fund scam were arrested. State government referred 37 out of 138 cases to the department of personnel and training of the central government to be probed by the CBI, but the agency took up only five cases.

According to the report, the 58 cases were disposed off by Police. The charge sheet was filed to 30 cases and 20 cases were given final report.

In March last, CBI officials raided seven offices of Kolkata- based Rose Valley Group, another chit fund company, and seized many documents. Earlier, state government had formed an economic offence wing under the district Police chiefs in all the eight districts to take appropriate action against illegal NBFCs and chit fund companies.

 In 2011, state government got passed a law to deal with these organizations. Unauthorized chit fund companies have mushroomed in the northeastern region in recent years. They lure depositors by promising exceptionally high rates of interest ranging from 25 percent to 30 percent.