By Bizodisha Bureau, Bhubaneswar, July 29, 2015 : Rekindling hopes of hundreds of duped investors, the Odisha government on Wednesday announced that it would soon begin the process for refund of money to investors who lost their hard-earned money in the mega chit fund scam in the state.

In a video conferencing with Additional District Magistrates (ADMs) of five districts at the State Secretariat here today, chief secretary GC Pati asked the Finance and the Law departments to work in tandem and expedite the process.

The chief secretary directed the ADMs to expedite the attachment of properties of the chit fund companies and bring to the notice of the court the cases registered against these companies.

As of now, 19 cases against 17 chit fund companies are sub judice while Rs 144 crore and more than 160 acres of land of 17 chit fund companies has been confiscated.

The designated court, after confiscation of properties of the Rose Valley and Safex chit fund companies, has asked them to refund the money to the investors.