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SC notice on chit fund

Dispur has received a notice from the Supreme Court on a petition by CBI challenging the Gauhati High Court’s direction to it to take up 481 cases relating to chit fund scam.

A Division bench comprising Justice TS Thakur and Justice C Nagappan heard the CBI before allowing the plea.

The High Court is free to monitor 15 cases, which were initially handed over to the CBI.

CBI, said the agency lacks manpower and cannot handle the burden of probing all 481 FIRs lodged in the State.

The Gauhati High Court had in January asked Dispur to hand over all the cases relating to various chit fund companies and non-banking financial companies (NBFC) to the CBI.

 

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