Congress youth wing protests against chit-fund scam in Kolkata

Last Updated: Mon, Apr 29, 2013 15:30 hrs

Supporters of the youth wing of the Congress Party staged a protest here on Monday against the fraudulent investment company scam and demanded the arrest of the lawmakers involved in the case.

They protested outside the Kolkata legislative assembly and pressed their demand for repayment of depositors' money reportedly looted by the fraudulent Saradha Group of companies and punishment to all those involved in this scam

Partha Das, a youth Congress leader, criticized West Bengal Chief Minister Mamata Banerjee over the deteriorating law and order situation in the state.

"The situation in West Bengal is deteriorating under the rule of Chief Minister Mamata Banerjee. The lawmakers Srinjoy Bose and Kunal Gosh are involved in the scam. The Indian Youth Congress is asking this question that is this not a scam. We demand arrest of Srinjoy Bose and Kunal Ghosh," said Das.

Meanwhile, Corporate Affairs Minister, Sachin Pilot said that Serious Fraud Investigation Office (SFIO) would investigate into the scam.

"We have entrusted the responsibility on Serious Fraud Investigation Office (SFIO) to investigate into the companies against which allegations were levied. Discussion should also take place with other agencies like RBI, SEBI, ED so that we are able to solve this issue," Pilot told mediapersons in New Delhi.

"We will take a strict action if someone is found guilty and if some evidence is found against them," he added.

A second case has been filed against Trinamool Congress Member of Parliament Kunal Ghosh for his role in West Bengal's multi billion rupee chit fund scam.

The second case has been filed against Ghosh by employees of a Bengali daily run by the Saradha Group.

The Saradha fiasco threatens to engulf other such chit fund companies - a large number of which operate in the state.

The offices of many of them were rocked by protests by depositors and agents, who demonstrated outside for hours seeking immediate return of their money.

Many of these concerns running collective investment schemes have been splashing large display advertisements in leading dailies every day claiming deposits in their companies were safe, but that has failed to dissipate the anger and panic that has taken over society.

Ghosh has reportedly written to his party chief and West Bengal Chief Minister Mamata Banerjee pleading innocence and offering to quit.

Saradha Group chief Sudipta Sen, who is behind bars and facing prosecution for cheating, had written to the Central Bureau of Investigation (CBI), accusing several high profile Trinamool Congress and Congress leaders, including Ghosh, of complicity in the chit fund scam. (ANI)

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