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Gujarat: 147 instances underneath GPID Act in 4 yrs

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In the final 4 years, as many as 147 instances have been registered underneath the Gujarat Protection of Interest of Depositors (In Financial Establishments) Act, 2003, during which over 1.10 lakh individuals had been cheated of a complete Rs 768.90 crore by chit funds in numerous components of the state, Minister of State for Home Pradeepsinh Jadeja mentioned Wednesday whereas replying to a starred query on an alleged chit fund firm in Dahod and Vadodara districts.
In her query, Congress MLA from Garbada constituency Chandrikaben Baria had requested what number of prison instances have been registered towards HVN Realty and Enterprises India Limited, a discount fund firm, within the two districts. So far, one case has been registered towards the corporate and proceedings have been initiated towards 13 accused, Jadeja mentioned.