Chit fund scam: 200 victims meet Dhindsa, seek help

Sushil Goyal

Tribune News Service

Barnala, September 7

Over 200 persons from Sangrur and Barnala districts, who deposited money in Crown Credit Cooperative Society Limited, met Finance Minister Parminder Dhindsa in Sangrur yesterday to get back their money.

In the chit fund scam, thousands of depositors were duped of several crore rupees. The depositors, who are yet to get their money back, were promised an interest rate of three to four per cent per month.

Meanwhile, the police will approach the UK Embassy in Delhi to procure records, pertaining to investment of Crown Company in Tradenext Limited, London (UK) under the Money Laundering Act. Crown Company’s MD Jagjit Singh, who along with seven others, was arrested on September 1 in a cheating case of Rs 40 lakh, is also a director of the Tradenext Limited.

Though several persons have reportedly been duped, only one person, Gurcharan Singh of Pakhoke Kenchian (Barnala), has lodged a complaint.

Those arrested in the case are in police remand till September 8. Swaran Singh Khanna, Superintendent of Police (Investigation), Barnala, said they would seek an extension in remand of the accused tomorrow.