I am a victim of chit fund scam too: Odisha CM Mohan Majhi

Odisha Chief Minister Mohan Charan Majhi revealed on Tuesday that he, too, was a victim of chit fund scams and urged the public to remain vigilant against ponzi schemes to protect their hard-earned money.
Addressing a function to celebrate the State Level National Consumers Day in Bhubaneswar, Majhi shared his personal experience. “I was also a victim of chit fund scams. Two firms had duped me in 1990 and 2002,” the Chief Minister said. He further highlighted the challenges faced in recovering the lost money, noting that the process had been long and arduous.
Majhi emphasized the need for people to be cautious and educate themselves about the deceptive practices of ponzi firms. He assured the audience that the state government is committed to strengthening consumer protection and ensuring that such fraudulent activities are dealt with effectively.
The Chief Minister’s revelation underscored the importance of awareness and the government’s efforts to safeguard consumers from financial fraud.