IN a first,she set up a Rs 500-crore fund to compensate the duped investors of Saradha Group and levied an additional 10 per cent tax on cigarettes and tobacco to fill up a part of the corpus. Now,Chief Minister Mamata Banerjee wants the Centre to pay for its failure to check the swindlers through RBI and SEBI by giving the state government Rs 500 crore.
In a desperate bid to shift the focus of the chit fund scam from her own party MPs,named by Saradha CMD Sudipta Sen in a letter to the CBI,Mamata today blamed the previous Left Front government as well as the Centre for the current mess.
The Left government should have made the legislation in the 1980s when Sanchayita (a chit fund company) went bust leaving thousands of people pauper. But the chit fund mess was allowed to grow just because of evil designs of the Marxist government as well as the casual attitude of the central government. The centre cannot shirk its responsibility. The SEBI and RBI are in their hands. I will ask Rs 500 crore from them, the Chief Minister said after holding a review meeting of her governments performance which will complete two years on May 20.
She exhorted investors not to panic and requested people to exercise extreme caution while making investments. The government will run advertisements asking people to refrain from making investments till they make themselves satisfied in every respect about the credentials and trustworthiness of the companies. A storm has come,but we will tide over it, she added.
Stating that a new tough law will be passed by the Assembly,whose special two-day session begins this Monday,Mamata said her government received back the West Bengal Protection of Depositors in Financial Institutions Bill,2009,which was passed by the previous Left Front government and was awaiting Presidential nod.
Her government had wanted the 2009 Bill to be returned so that it could be replaced by another Bill drafted by her government. My officials are working on a war footing. The Bill has been returned today and was immediately sent to the Governor,who has given his approval, she said and added that a new Bill will be introduced in the Assembly on April 30.