Justice MM Das appointed as Chairman of Commission of Inquiry probing Chit Fund

Scam

05-FEB-2015 Justice MM Das appointed as Chairman of

Commission of Inquiry probing Chit Fund Scam

05-FEB-2015
Who: Justice Madan Mohan Das as Chairman
What: Appointed as Chairman of Commission of Inquiry probing Chit Fund Scam
When: 4 February 2015

The Odisha Government on 4 February 2015 appointed Justice Madan Mohan Das as Chairman of
the Commission of Inquiry probing multi-crore chit fund scam in Odisha.
The post was lying vacant since 28 January 2015 after the death of Justice Radha Krushna Patra
who was heading this one-man commission.
Justice Das is a retired judge of Orissa High Court and hails from a family of lawyers. Born on 5
February 1952, he is a Chemistry graduate from Ravenshaw College and post-graduate in Public
Administration from Utkal University.
The One-man Commission was constituted in July 2013 following a number of chit fund companies
vanished overnight after duping thousands of gullible investors to hundreds of crores of rupees.
In the first phase, commission had received about 5.5 lakh claims. Meanwhile, the State government
began digitisation of chit fund claim documents received by the probe panel to expedite the refund of
money to duped investors.

Suggested Readings: Other States, February 2015 Current Affairs, State, 2015
Current Affairs
1 0Google +0 A+AWho: Justice Madan Mohan Das as Chairman
What: Appointed as Chairman of Commission of Inquiry probing Chit Fund Scam
When: 4 February 2015
The Odisha Government on 4 February 2015 appointed Justice Madan Mohan Das as
Chairman of the Commission of Inquiry probing multi-crore chit fund scam in
Odisha.

The post was lying vacant since 28 January 2015 after the death of Justice Radha
Krushna Patra who was heading this one-man commission.
Justice Das is a retired judge of Orissa High Court and hails from a family of lawyers.
Born on 5 February 1952, he is a Chemistry graduate from Ravenshaw College and
post-graduate in Public Administration from Utkal University.
The One-man Commission was constituted in July 2013 following a number of chit
fund companies vanished overnight after duping thousands of gullible investors to
hundreds of crores of rupees.
In the first phase, commission had received about 5.5 lakh claims. Meanwhile, the
State government began digitisation of chit fund claim documents received by the
probe panel to expedite the refund of money to duped investors.