Mamata sets up panel,SIT to probe chit fund scam

The West Bengal government on Monday took two measures to quell the protests in the wake of the collapse of the Saradha group,a chit fund company.

Written by Express News Service | Kolkata | Published: April 23, 2013 1:15:33 am

The West Bengal government on Monday took two measures to quell the protests in the wake of the collapse of the Saradha group,a chit fund company. It set up a high-powered commission,headed by former Calcutta High Court Chief Justice Shyamal Sen,and a Special Investigation Team to probe into chit fund operations in the state.

The state government also requested the Centre to return a Bill sent by the previous Left Front government for Presidential assent so that it can issue an ordinance to rein in these organisations.

Chief Minister Mamata Banerjee said,“The commission will look into how much money has been laundered,who all were the depositors,how much money is involved. Anybody who has been adversely affected by the act of any other chit fund can also come to the commission.”

She also announced the formation of an SIT,led by DGP. “I am determined to protect the interests of lakhs of people who invested in the fund,’’ she said. Mamata said her government was ready to proclaim an ordinance before enacting a law to bring those duping the people to book. “In order to provide immediate relief to investors and agents we want to issue an ordinance. We urge the Central government to return the Bill passed by erstwhile Left Front government to us in 24 hours so that we can proclaim the ordinance. The old Bill is faulty,” Mamata said,adding that she has sent her request to the President.

She said action would be taken against Trinamool MP Kunal Ghosh,who was the CEO of Saradha group’s media cell,if he was involved in anything illegal.

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