May 6, 2014
Where is the money from Sanchayita chit fund scam: Partha Chaterjee questions Left
Trinamool Congress Secretary General ParthaChatterjee held a Press Conference at Trinamool Bhavan yesterday and slammed theCPI(M) for not taking any steps when Overland and Sanchayita chit fund scams tookplace during the Left Front regime in West Bengal.
“FormerWest Bengal Finance Minister Ashok Mitra (Finance Minister between 1977 and1987) himself had noted that there was no trace of Rs 4000 crore to Rs 5000crore from the Sanchayita chit fund scam. Can we conclude that the money wentto the (CPI-M) party men?” the party Secretary General asked.
MrChatterjee said that ponzi scheme companies mushroomed during the Left Frontregime. He said, in 2001-2002 there were 17 such companies in the State and theamount floating in the chit funds was Rs 20 crore. By 2010-2011 the numberjumped to 1,249 and the amount raised by these entities was Rs 55,000 crore. Hesaid these figures were stated in the Left mouthpiece by a candidate of theCPI(M) himself.
“TheLeft government had done nothing, while our government arrested the mainaccused (Saradha group chairman), set up a Judicial Commission and has alreadypaid back money to four lakh depositors of Saradha,” Mr Chatterjee said.
Incidentally,West Bengal Government, showing its humane face, has formed a fund of Rs 500 croreto repay the cheated investors, who are poor and had lost every penny of theirlifelong savings.