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The minister was replying to an AAP MLA's question on whether the state government was taking any action against the erring chit fund companies by tracing their benami properties as per the instructions of Lodha Committee set up by the Supreme Court.

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The Chief Minister Amarinder Singh dispensation today expressed its inability to take action against PACL, which had allegedly collected more than Rs 60,000 crore through illegal collective investment, saying the company was not registered with the Punjab government. However, the government was in the process of introducing a fresh Bill to deal with such fraudulent cases, state Finance Minister informed the Assembly today.