Bhubaneswar, Sept. 22 -- The Odisha Government has refunded Rs 49.67 crore to chit fund victims over the last 14 months, Chief Minister Mohan Charan Majhi informed the Assembly on Monday.

Replying to a question from Bhograi MLA Goutam Buddha Das, the Chief Minister said a total of 1,33,755 depositors of Rose Valley Group of Companies, Goldenland Group of Companies, and Hi-Tech Estates Group have been refunded on the recommendation of the Chit Fund Commission.

The Commission, in its interim report, had recommended repayment to 4,72,651 small investors from the state's corpus fund. Of this, Rs 46 crore has already been refunded to 96,801 victims.

To facilitate compensation, the state government has created a Rs 300-crore corpus fund for ...