The Bihar Government is set to trace all the Non-Banking Finance Companies (NBFCs), which disappeared after duping small investors. These defaulting NBFCs had duped thousands of depositors in Bihar to the tune of more than Rs 7,000 crore between 1990 to 1997.

Nearly ten years later, the government has decided to hand over all the cases relating to the fly-by-night companies to the CID. The government has so far received over 10,000 complaints from the aggrieved depositors against these NBFCs, who could not be traced after collecting huge chunk of money from the gullible investors.

So far, 172 FIRs have been lodged in different police stations in Bihar against the defaulting companies, but now all the cases will be handed over to the CID to investigate the matter.