Bhagalpur: In the backdrop of innocent people allegedly being duped by some non-banking financial companies (NBFCs) and chit-fund companies, Bhagalpur administration has initiated an investigation into such companies running in the district including Naugachia police district.
The administrative action is aimed at preempting any trouble arising out of closing down of unscrupulous organization after collecting money from people mostly daily wagers and small investors.
Altogether 22 non-banking and chit fund companies operating in Bhagalpur district are under the scanner of state government and the district administration.