Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Tripura launches refund scheme for chit fund fraud victims under court directive, requiring proof of investment</h1> The Tripura government has launched a scheme to refund deposits to victims of chit fund fraud, following directives from the state High Court in a public interest litigation. Over Rs 10.78 crore has been recovered through auctions of properties seized from the accused companies. The scheme requires affected depositors to apply through sub-divisional magistrates with proof of investment, while legal heirs can claim refunds with death certificates and identification documents. The court ordered the government to widely publicize the scheme in multiple local languages to ensure awareness. The next hearing is scheduled for August 8. Victims have urged the government to identify and auction remaining properties to maximize recovery. This initiative represents a key step toward restitution for defrauded investors and combating financial fraud in the state.