July 24, 2019
Kalyan Banerjee seeks a clarification on The Banning of Unregulated Deposit Schemes Bill, 2019
First I give my heartiest thanks to the Honourable Minister of State (Finance). I’m really very happy with your answer and it is one of the few such times, irrespective of party.
For your information, The West Bengal Protection of Interest of Depositors in Financial Establishments Act was legislated by the West Bengal Assembly in 2013. But, as you know, it does not come in the Concurrent List, and so the assent of the President was required, which came after two years, in the middle of 2015. I’m not going into who is responsible as, since 2014, the UPA Government was responsible and after 2014, the NDA Government is responsible.
For two years it was pending before the Central Government. You should be knowing that 326 cases are pending in West Bengal. When were these 326 cases initiated? If you are saying something then you also give the full picture. Before the matter being taken up by the CBI, the Justice Shyamal Sen Committee decided on the money to be given back to the depositors.
My question is who is responsible and when will the depositors get back their money? In this matter, the CBI is now doing the investigation. It has filed some charge sheets though the investigations have not yet been completed. But unless the money is given back to the depositors, what is the use of it? I am talking about the poor depositors. What will they get their money back? I want a clarification.