Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
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Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Panel makes Ponzi firms pay -Lalmohan Patnaik and Subrat Das    </title>
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-The Telegraph

Cuttack: What the state government failed to do, the Justice Madan Mohan Das Commission did.

The commission, which is identifying small investors duped by dubious financial companies, has on its own ensured return of the invested amount usurped by sham..."/>
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-The Telegraph

Cuttack: What the state government failed to do, the Justice Madan Mohan Das Commission did.

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                            <div align="justify">-The Telegraph<br /><br /><em>Cuttack:</em> What the state government failed to do, the Justice Madan Mohan Das Commission did.<br /><br />The commission, which is identifying small investors duped by dubious financial companies, has on its own ensured return of the invested amount usurped by sham companies to more than 1,200 persons even as the government continues to drag its feet on the issue.<br /><br />Some of the investors got their money on Tuesday. Though the number of such investors may be small, the step is significant. This may force the government, which has not been able to return money to a single person despite tall claims, to step up efforts in this direction. The state government's assurance to return money to small investors based on the suggestions of the judicial commission had come nearly three years ago.<br /><br />The commission had since May last year recommended the names of 60,941 small investors, who had deposited Rs 10,000 or less, as eligible for compensation. In November 2014, the government had announced to return money to the small investors and set up a corpus fund of Rs 300 crore for the purpose.<br /><br />&quot;The commission has persuaded some of the unauthorised deposit collection companies to return the invested amount and 1,249 investors have so far been paid back their money by the firms&quot;, Justice Madan Mohan Das recently told The Telegraph. &quot;In fact, six of them got their money back on Tuesday,&quot; he said.<br /><br />Finance minister Sashibhushan Behera, however, told The Telegraph: &quot;The government has already initiated field verification of the claims, endorsed by the commission.&quot;<br /><br />&quot;Multi-departmental committees at the field level has been entrusted with the task and once the verification was over, the government will be able to do something,&quot; said the finance minister.<br /><br />An official in the finance department said: &quot;The process may take some more time. So far, we have been able to verify the claims of 12,000 people. The third report submitted by the commission is yet to be processed. The field teams have assessed the first two reports.&quot;<br /><br />Six persons got back their money yesterday because of the commission. Of the 341 dubious financial companies the commission had listed for duping investors, 22 have come forward so far to pay back the money. Among them are Rose Valley Group of Companies, Real Vision International Ltd, Prayag Infotech Highrise Ltd, Swabhiman Developers Ltd and Sainath Securities Ltd.<br /><br />Justice Das took charge of the commission appointed to probe into the deposit collection scam in the state on February 5, 2015, following the death of Justice R.K. Patra on January 28, 2015.<br /><br />The additional job assigned to the Commission was &quot;to identify the bona fide investors affected by transactions of fraudulent financial establishments / companies and to suggest the modality of payment of compensation, the names of small investors eligible for compensation and the amount of compensation payable from the corpus fund or otherwise&quot;.<br /><br />Please <a href="https://www.telegraphindia.com/1170828/jsp/frontpage/story_169550.jsp" title="https://www.telegraphindia.com/1170828/jsp/frontpage/story_169550.jsp">click here</a> to read more. </div><div align="justify">&nbsp;</div>                                                           
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    <br><a href="https://www.telegraphindia.com/1170828/jsp/frontpage/story_169550.jsp" class="re" target="_blank">The Telegraph, 28 August, 2017, https://www.telegraphindia.com/1170828/jsp/frontpage/story_169550.jsp</a><div class="clear"></div>
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    <h1 class="cat-box-title">Panel makes Ponzi firms pay -Lalmohan Patnaik and Subrat Das</h1>
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                            <div align="justify">-The Telegraph<br /><br /><em>Cuttack:</em> What the state government failed to do, the Justice Madan Mohan Das Commission did.<br /><br />The commission, which is identifying small investors duped by dubious financial companies, has on its own ensured return of the invested amount usurped by sham companies to more than 1,200 persons even as the government continues to drag its feet on the issue.<br /><br />Some of the investors got their money on Tuesday. Though the number of such investors may be small, the step is significant. This may force the government, which has not been able to return money to a single person despite tall claims, to step up efforts in this direction. The state government's assurance to return money to small investors based on the suggestions of the judicial commission had come nearly three years ago.<br /><br />The commission had since May last year recommended the names of 60,941 small investors, who had deposited Rs 10,000 or less, as eligible for compensation. In November 2014, the government had announced to return money to the small investors and set up a corpus fund of Rs 300 crore for the purpose.<br /><br />&quot;The commission has persuaded some of the unauthorised deposit collection companies to return the invested amount and 1,249 investors have so far been paid back their money by the firms&quot;, Justice Madan Mohan Das recently told The Telegraph. &quot;In fact, six of them got their money back on Tuesday,&quot; he said.<br /><br />Finance minister Sashibhushan Behera, however, told The Telegraph: &quot;The government has already initiated field verification of the claims, endorsed by the commission.&quot;<br /><br />&quot;Multi-departmental committees at the field level has been entrusted with the task and once the verification was over, the government will be able to do something,&quot; said the finance minister.<br /><br />An official in the finance department said: &quot;The process may take some more time. So far, we have been able to verify the claims of 12,000 people. The third report submitted by the commission is yet to be processed. The field teams have assessed the first two reports.&quot;<br /><br />Six persons got back their money yesterday because of the commission. Of the 341 dubious financial companies the commission had listed for duping investors, 22 have come forward so far to pay back the money. Among them are Rose Valley Group of Companies, Real Vision International Ltd, Prayag Infotech Highrise Ltd, Swabhiman Developers Ltd and Sainath Securities Ltd.<br /><br />Justice Das took charge of the commission appointed to probe into the deposit collection scam in the state on February 5, 2015, following the death of Justice R.K. Patra on January 28, 2015.<br /><br />The additional job assigned to the Commission was &quot;to identify the bona fide investors affected by transactions of fraudulent financial establishments / companies and to suggest the modality of payment of compensation, the names of small investors eligible for compensation and the amount of compensation payable from the corpus fund or otherwise&quot;.<br /><br />Please <a href="https://www.telegraphindia.com/1170828/jsp/frontpage/story_169550.jsp" title="https://www.telegraphindia.com/1170828/jsp/frontpage/story_169550.jsp">click here</a> to read more. </div><div align="justify">&nbsp;</div>                                                           
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    <br><a href="https://www.telegraphindia.com/1170828/jsp/frontpage/story_169550.jsp" class="re" target="_blank">The Telegraph, 28 August, 2017, https://www.telegraphindia.com/1170828/jsp/frontpage/story_169550.jsp</a><div class="clear"></div>
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Cuttack: What the state government failed to do, the Justice Madan Mohan Das Commission did.

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    <h1 class="cat-box-title">Panel makes Ponzi firms pay -Lalmohan Patnaik and Subrat Das</h1>
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                            <div align="justify">-The Telegraph<br /><br /><em>Cuttack:</em> What the state government failed to do, the Justice Madan Mohan Das Commission did.<br /><br />The commission, which is identifying small investors duped by dubious financial companies, has on its own ensured return of the invested amount usurped by sham companies to more than 1,200 persons even as the government continues to drag its feet on the issue.<br /><br />Some of the investors got their money on Tuesday. Though the number of such investors may be small, the step is significant. This may force the government, which has not been able to return money to a single person despite tall claims, to step up efforts in this direction. The state government's assurance to return money to small investors based on the suggestions of the judicial commission had come nearly three years ago.<br /><br />The commission had since May last year recommended the names of 60,941 small investors, who had deposited Rs 10,000 or less, as eligible for compensation. In November 2014, the government had announced to return money to the small investors and set up a corpus fund of Rs 300 crore for the purpose.<br /><br />&quot;The commission has persuaded some of the unauthorised deposit collection companies to return the invested amount and 1,249 investors have so far been paid back their money by the firms&quot;, Justice Madan Mohan Das recently told The Telegraph. &quot;In fact, six of them got their money back on Tuesday,&quot; he said.<br /><br />Finance minister Sashibhushan Behera, however, told The Telegraph: &quot;The government has already initiated field verification of the claims, endorsed by the commission.&quot;<br /><br />&quot;Multi-departmental committees at the field level has been entrusted with the task and once the verification was over, the government will be able to do something,&quot; said the finance minister.<br /><br />An official in the finance department said: &quot;The process may take some more time. So far, we have been able to verify the claims of 12,000 people. The third report submitted by the commission is yet to be processed. The field teams have assessed the first two reports.&quot;<br /><br />Six persons got back their money yesterday because of the commission. Of the 341 dubious financial companies the commission had listed for duping investors, 22 have come forward so far to pay back the money. Among them are Rose Valley Group of Companies, Real Vision International Ltd, Prayag Infotech Highrise Ltd, Swabhiman Developers Ltd and Sainath Securities Ltd.<br /><br />Justice Das took charge of the commission appointed to probe into the deposit collection scam in the state on February 5, 2015, following the death of Justice R.K. Patra on January 28, 2015.<br /><br />The additional job assigned to the Commission was &quot;to identify the bona fide investors affected by transactions of fraudulent financial establishments / companies and to suggest the modality of payment of compensation, the names of small investors eligible for compensation and the amount of compensation payable from the corpus fund or otherwise&quot;.<br /><br />Please <a href="https://www.telegraphindia.com/1170828/jsp/frontpage/story_169550.jsp" title="https://www.telegraphindia.com/1170828/jsp/frontpage/story_169550.jsp">click here</a> to read more. </div><div align="justify">&nbsp;</div>                                                           
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    <br><a href="https://www.telegraphindia.com/1170828/jsp/frontpage/story_169550.jsp" class="re" target="_blank">The Telegraph, 28 August, 2017, https://www.telegraphindia.com/1170828/jsp/frontpage/story_169550.jsp</a><div class="clear"></div>
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Panel makes Ponzi firms pay -Lalmohan Patnaik and Subrat Das

Published on Aug 28, 2017   Modified on Aug 28, 2017

-The Telegraph Cuttack: What the state government failed to do, the Justice Madan Mohan Das Commission did. The commission, which is identifying small investors duped by dubious financial companies, has on its own ensured return of the invested amount usurped by sham companies to more than 1,200 persons even as the government continues to drag its feet on the issue. Some of the investors got their money on Tuesday. Though the number of such investors may be small, the step is significant. This may force the government, which has not been able to return money to a single person despite tall claims, to step up efforts in this direction. The state government's assurance to return money to small investors based on the suggestions of the judicial commission had come nearly three years ago. The commission had since May last year recommended the names of 60,941 small investors, who had deposited Rs 10,000 or less, as eligible for compensation. In November 2014, the government had announced to return money to the small investors and set up a corpus fund of Rs 300 crore for the purpose. "The commission has persuaded some of the unauthorised deposit collection companies to return the invested amount and 1,249 investors have so far been paid back their money by the firms", Justice Madan Mohan Das recently told The Telegraph. "In fact, six of them got their money back on Tuesday," he said. Finance minister Sashibhushan Behera, however, told The Telegraph: "The government has already initiated field verification of the claims, endorsed by the commission." "Multi-departmental committees at the field level has been entrusted with the task and once the verification was over, the government will be able to do something," said the finance minister. An official in the finance department said: "The process may take some more time. So far, we have been able to verify the claims of 12,000 people. The third report submitted by the commission is yet to be processed. The field teams have assessed the first two reports." Six persons got back their money yesterday because of the commission. Of the 341 dubious financial companies the commission had listed for duping investors, 22 have come forward so far to pay back the money. Among them are Rose Valley Group of Companies, Real Vision International Ltd, Prayag Infotech Highrise Ltd, Swabhiman Developers Ltd and Sainath Securities Ltd. Justice Das took charge of the commission appointed to probe into the deposit collection scam in the state on February 5, 2015, following the death of Justice R.K. Patra on January 28, 2015. The additional job assigned to the Commission was "to identify the bona fide investors affected by transactions of fraudulent financial establishments / companies and to suggest the modality of payment of compensation, the names of small investors eligible for compensation and the amount of compensation payable from the corpus fund or otherwise". Please click here to read more.

The Telegraph, 28 August, 2017, https://www.telegraphindia.com/1170828/jsp/frontpage/story_169550.jsp

Tagged with: Ponzi scheme

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