Mamata Banerjee to set up Rs 500 cr relief fund for duped chit fund investors

Mamata Banerjee to set up Rs 500 cr relief fund for duped chit fund investors

Mamata rejected allegations of involvement of some TMC leaders in the Saradha group scam.

A day after they were detained from a hotel in Sonamarg,on the Srinagar-Leh highway,the alleged kingpin of the multi-crore chit fund scam,Sudipta Sen,and his two associates,Debjani Mukherjee and Arvind Singh Chauhan,were taken to Kolkata on Wednesday.

Bengal’s simmering cauldron of chit fund scam

The trio were produced before a court in Ganderbal,which granted the West Bengal police four days transit remand.

In Bengal,Chief Minister Mamata Banerjee said her government would set up a Rs 500 crore relief fund for the “affected small and medium investors of Saradha Group”,adding that “their names will be recommended by the commission of inquiry which has been set up”.

Following reports of the involvement of two Trinamool Congress MPs,Banerjee said nobody would be spared if found guilty. “If any MP of Trinamool Congress has committed an offence,the law will take its own course,” she said.


Obliquely referring to TMC MPs Kunal Ghosh,who recently resigned as the CEO of the Saradha Media Group which owned a TV news channel,and Srinjoy Bose,editor of a Bengali daily,Banerjee said: “One journalist is being targeted… There are so many journalists… there is no use in identyfying one channel and one newspaper.”

Targeting the CPI(M),she added: “How many CPI(M) MPs have stashed their money and with how much did they run their party? And a news channel identifying others will be exposed…

Ishwar and Allah know who has kept money for how many days. The government has no data.”

Bose,on his part,said his paper did have a professional tie-up with Sen’s Channel 10 TV in 2010 for providing editorial support but not with the Saradha chit fund company or any other ancillary.

Asked about the antecedents of the Saradha Group chairman,he replied: “We did not know that the man was a fraud.” He also said there was no relationship between his party and the Saradha Group.

Calling for a “bold inquiry”,senior minister Partha Chatterjee also assured that “none will be spared,no matter whichever party they may belong to”. He said a stringent law would be passed against the illegal activities of chit fund companies.

With PTI inputs

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