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Reply sought on Basil plea

Justice RK Patra

Cuttack, June 4: The Justice R.K. Patra Commission has asked the state government to submit its reply on Basil International’s petition for unlocking of its business branch offices in the state to facilitate refund of dues to investors.

The commission is probing into alleged fraudulent activities of deposit collection companies in the state. Basil International has sought direction “to break open the seal, unlock the business branch office premises of the company in Balasore, Bhadrak and Jharsuguda”.

“The commission, before which the petition came up on May 29, adjourned the matter till June 26 for hearing along with the state government’s response,” commission secretary Devraj Rout told The Telegraph today.

“Accordingly, it issued notices to the home secretary, director-general of police and the superintendents of police of Balasore, Bhadrak and Jharsuguda to file their responses by June 25,” Rout said.

Notices have also been issued to inspectors in charge of Sahadevkhunta police station (Balasore), Bhadrak town police station and Jharsuguda police station, he said.

The petition claimed that Basil International’s “overall liabilities is about Rs 3.5 crore as on today and it had paid a sum of Rs 75 lakh to various investors”.

“The company is ready and willing to refund remaining dues out of the sale proceeds of properties in the state — the cost of which may be more than Rs 10 crore,” the order indicated.

The commission is expected “to identify the individuals and entities, who have indulged in unauthorised collection of public deposits in the state” and “to probe and bring out involvement of influential persons, bureaucrats and other sections of the society, if any, in protecting or promoting such illegal activities”.

Initially, the state government had asked the commission to submit its report within three months. Later, it granted a six-month extension. A second extension of six months was granted after its term expired on April 9.