Kolkata, May 6 UNI | 3 months ago

Trinamool Congress's all India secretary general Partha Chatterjee has slammed the CPI(M) for not taking any step when Overland and Sanchayita chit fund scams took place during the Left regime in West Bengal.

"Former state finance minister Ashok Mitra (FM between 1977-87) himself had noted that there was no trace of Rs 4000 crore to Rs 5000 crore from the Sanchayita chit fund scam. Can we conclude that the money went to the party(CPI-M) men?" he asked at a press conference at Trinamool Bhavan last night.

Mr Chatterjee said the ponzi scheme companies mushroomed during the Left Front regime. He said in 2001-2002 there were 17 such companies in the state and the amount floating in the chit funds was Rs 20 crore. By 2010-2011 the number jumped to 1,249 and the amount raised by these entities was Rs 55,000 crore. He said these figures were stated in the Left mouthpiece by a candidate of the CPI(M).

"The LF government had done nothing, while our government arrested the main accused (Saradha group chairman), set up a judicial commission and has already paid back money to four lakh depositors of Saradha," Mr Chatterjee said.

Incidentally, the government has formed a corpus of Rs 500 crore to repay the cheated investors, who are poor and had lost every penny of their savings.

(Posted on 07-05-2014)