Chit fund had spread to Writers’https://indianexpress.com/article/cities/kolkata/chit-fund-had-spread-to-writers/

Chit fund had spread to Writers’

After the Saradha debacle,they have now decided to withdraw their deposits.

The menace of the chit fund has not spared the Writers’ Buildings with around 80 employees of the agricultural directorate keeping their deposits at a scheme run by one of the such companies and the agency run by some of the employees. After the Saradha debacle,they have now decided to withdraw their deposits.

It was learnt that one of the Group D employee of the agricultural directorate department used to work as an agent of a chit fund firm in the name of her wife Kakali Biswas. He had mobilized around 80 staff members of the agricultural directorate to invest in recurring deposit schemes that promised to provide them with 11 percent return.

An investigation found that out of the 350 employees of the agricultural directorate,around 80 employees invested in the recurring deposit scheme for the past two years. Although they have got their returns,after the Saradha scam came into light,the employees are now apprehensive and they are withdrawing their deposits.

Babulal Chakraborty,42,a resident of Basirhat in North 24-Parganas and a Group D staff of agricultural directorate,said,“Last year I had deposited Rs 12,000 and in return I received Rs 13,250. But this year although I have deposited around Rs 6,000,but after Saradha scam came into light I feel it’s time to withdraw my savings,” he added.

Another Group D employee,who did not want to be identified,said that she has intimated the agent that she wants to withdraw her savings from the recurring deposit scheme as after the Saradha scam people have lost faith in these companies.

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