Cuttack: Justice Madan Mohan (MM) Das Commission probing the multi-crore chit fund scam in Odisha identified 3,798 small depositors of Saradha Group.

After verifying the affidavits in fourth phase, the Commission has issued a notice to Saradha Group's chief Sudipta Sen, who is presently lodged in Alipur jail in Kolkata, through the jail superintendent.

The Commission on Thursday had directed Sen to make his stand clear on the demands of small depositors of the ponzi firm.

In the affidavits, the chit fund victims mentioned that they had invested their money in Saradha Garden Resorts and Hotel Pvt Ltd, Saradha Housing Pvt Ltd, Saradha Reality India Ltd, Saradha Tours and Travels Pvt Ltd of Saradha Group.

However, no official from Saradha Group appeared before the Commission despite the notice during hearing yesterday.

The Commission in its next report will recommend the small depositors of Saradha Group for repayment of their deposits.

Notably, the notice is being served to the ponzi firms after verifying 1,38,387 affidavits filed by the chit fund victims in between September 13-17, 2013.

In the fourth phase of probe, the small depositors (investment upto Rs 10,000) of more than 100 chit fund firms have been identified so far.