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Duped investors cheated again by ponzi firm




 Duped investors of a ponzi firm AM Fund Managers had to leave home empty handed after the officials of the firm who had promised to return their money did not turn up at the office of Justice MM Das Commission, which is probing the multi-crore chit fund scam in the State.

As per reports, Managing Director of AM Fund Managers Limited Deepak Kumar Behera had issued letter to its 35 investors asking them to be present at Commission’s office today to get back their investment money.  In the letter, the ponzi firm’s owner had mentioned that the investors would not able get back their money if they failed to come to commission’s office on the scheduled day. Apropos to the letter, more than 25 duped investors from different parts of the State had come to the commission’s office and waited for the arrival of company personnel to get back their money.

But disappointment was in store for the duped investors as the company’s officials did not turn up even after a long and agonizing wait. As if it was not enough, the chit fund company’s advocate Kartik Chandra Tripathy reached the office but disappeared from the spot after collecting investment related documents from the investors. The disgruntled duped investors then started raising slogans against the ponzi firm. Later, the company’s advocate was called for who then filed a time petition before Justice MM Das Commission who directed the company to return the investment money to the duped investors in their homes.  The Commission has also directed the company’s Managing Director Deepak Kumar Behera for his personal appearance before the commission on January 25.






Editorial

Précis 2017
From asking his party men to ‘live a simple life and serve the people’ to taunting the BJP for its ‘crocodile tears’, Chief Minister and BJD supremo Naveen Patnaik has not only become politically invincible, he seems to be so in the coming years too.

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