Tripura chief minister Biplab Kumar Deb during the second day of the monsoon session of the state assembly on Monday

Agartala: On the second day of the monsoon session of the state assembly, Tripura chief minister Biplab Kumar Deb on Monday said the state government would sell properties of chit fund companies to give refunds to fraud victims.

In reply to a question, asked by the ruling BJP MLA Sudhangshu Das in the assembly, Deb said, 83 cases of chit fund fraud were registered after the new government assumed office in March last year. After the completion of the investigation of non-banking financial companies (NBFC) and chit fund firms, his the government would sell property owned by these companies and distribute the money among the people cheated by them.

“After the completion of the investigation, our government would sell their properties, including land and buildings, and the money would be distributed among the poor people, who were looted by the NBFC and chit fund companies,” Deb said.

The CBI has already submitted the chargesheets in five cases out of the 83 cases and the rest are being investigated by the state-level investigation team (SIT), he added.

Deb also said, “Earlier in a letter, I had requested the Prime Minister of the country for investigating such cases by CBI so that the agency takes over all the 74 cases as well.”

Following an order from the High Court of Tripura on August 22, the CBI had taken three cases in all against the Rose Valley Group of Companies.

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