Punjab Chief Minister Bhagwant Mann on Wednesday asked the deputy commissioners (DCs) to identify all the properties of a chit fund company, Pearl Group, in their respective districts.
Chairing a virtual meeting with the DCs, commissioners of police (CPs) and senior superintendent of police (SSPs), the CM said the group should be made accountable for the huge fraud it has done on the people of the state.
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He asked each DC to identify the properties of the group in his respective district and submit it to the state government. A state level list will be compiled in consonance with the directions of the Supreme Court and Justice Lodha committee.
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Mann said the Pearl Group is involved in a huge financial embezzlement and thereby duped innocent people. They will be made accountable for this sin. The DCs, CPs and SSPs must appoint sub-divisional magistrates (SDMs) and deputy superintendents of police (DSPs) as the nodal officers of their respective sub divisions for identifying the properties.
The CM said the revenue records must be checked at the grassroots level to ensure complete transparency in the process. Red entries must be made in the revenue records so that no one is able to sell or purchase this property. Top-most priority should be accorded to this work and any sort of callousness in this work is unwarranted and undesirable.
Mann asked the chief secretary and director general of police to personally supervise this work for its smooth execution in a time bound manner.
The Pearl group had allegedly cheated many people in different parts of the country by illegally operating various investment schemes. During his election campaign, Mann had promised to return the hard-earned money of people, who fell prey to the Ponzi scam after confiscating assets of chit fund companies.
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