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September 28, 2013

Compensation to duped investors before Pujas a priority, feels Chief Minister

Compensation to duped investors before Pujas a priority, feels Chief Minister
On Monday, September 30, West Bengal Chief Minister Mamata Banerjee will be handing over compensation cheques to 927 depositors, who were duped by Saradha ponzi scheme, at Kshudiram Anushilan Kendra. The Chief Minister had announced at Jhargram that the State Government government will begin with compensating 1,000 victims before the Pujas.
Earlier, Justice Shyamal Sen, who heads the judicial commission to probe the Saradha scam, had said that the government would hand over compensation cheques to the small depositors who lost their money in the scam.
A district-wise list of total 1,03,137 victims has been made by the judicial commission. The Chief Minister has instructed her colleagues in the cabinet to oversee the distribution of cheques before the Pujas. For payment in the districts, the cheques will be sent to the district magistrates. The Chief Minister has set a deadline of October 11. Ministers have been instructed to distribute the compensation cheques on October 5 in 9 districts.
Those who had deposited below Rs 10,000 in the scheme will be paid from the Rs 500-crore corpus set up by the CM.
The Ministers who will oversee the distribution processes are :
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