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Centre, Tripura government silent on chit fund scams: Congress

IANS  |  Agartala 

Tripura's opposition on Sunday accused the Union and governments of inaction even as unauthorised Non-Financial Companies (NBFCs) and chit fund companies siphoned off crores of rupees from gullible depositors.

"According to information provided by the state government, Rs 1,172 crore was taken away by illegal NBFCs and chit fund organisations. However, the actual amount must be several times more," chief Birajit Sinha told reporters here.

He said that the hard-earned money of over 14 lakh depositors in was looted by these companies but the state's did little to tackle the problem.

"Even the central government led by the BJP (Bharatiya Janata Party) is reluctant to ask the Central Bureau of Investigation to probe the fraudulent acts."

Sinha, a former minister, said the newly-constituted Pradesh Committee (TPCC) will meet soon to chalk out an agitational programme against the "misrule of the Left government".

"Corruption, financial irregularities, unemployment and miss-governance are rampant in Left-ruled and these are increasing with each passing day," he claimed.

Newly-appointed state Vice-President Tapas Dey said: "The High Court earlier asked the CBI to inquire into the activities of illegal NBFCs and chit fund groups, but the central agency, at the instance of the Centre, refused to do so."

Denying the charge, Communist Party of India-Marxist (CPI-M) State Secretary Bijan Dhar said the state government had taken steps to protect the interests of depositors and investors.

Dhar said the government is the first among those in the states to have enacted law to deal with illegal chit fund and NBFC companies and had asked the CBI to probe illegal collection of money from thousands of people.

--IANS

sc/tsb/vd

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Centre, Tripura government silent on chit fund scams: Congress

Tripura's opposition Congress on Sunday accused the Union and Tripura governments of inaction even as unauthorised Non-Banking Financial Companies (NBFCs) and chit fund companies siphoned off crores of rupees from gullible depositors.

Tripura's opposition on Sunday accused the Union and governments of inaction even as unauthorised Non-Financial Companies (NBFCs) and chit fund companies siphoned off crores of rupees from gullible depositors.

"According to information provided by the state government, Rs 1,172 crore was taken away by illegal NBFCs and chit fund organisations. However, the actual amount must be several times more," chief Birajit Sinha told reporters here.

He said that the hard-earned money of over 14 lakh depositors in was looted by these companies but the state's did little to tackle the problem.

"Even the central government led by the BJP (Bharatiya Janata Party) is reluctant to ask the Central Bureau of Investigation to probe the fraudulent acts."

Sinha, a former minister, said the newly-constituted Pradesh Committee (TPCC) will meet soon to chalk out an agitational programme against the "misrule of the Left government".

"Corruption, financial irregularities, unemployment and miss-governance are rampant in Left-ruled and these are increasing with each passing day," he claimed.

Newly-appointed state Vice-President Tapas Dey said: "The High Court earlier asked the CBI to inquire into the activities of illegal NBFCs and chit fund groups, but the central agency, at the instance of the Centre, refused to do so."

Denying the charge, Communist Party of India-Marxist (CPI-M) State Secretary Bijan Dhar said the state government had taken steps to protect the interests of depositors and investors.

Dhar said the government is the first among those in the states to have enacted law to deal with illegal chit fund and NBFC companies and had asked the CBI to probe illegal collection of money from thousands of people.

--IANS

sc/tsb/vd

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Centre, Tripura government silent on chit fund scams: Congress

Tripura's opposition on Sunday accused the Union and governments of inaction even as unauthorised Non-Financial Companies (NBFCs) and chit fund companies siphoned off crores of rupees from gullible depositors.

"According to information provided by the state government, Rs 1,172 crore was taken away by illegal NBFCs and chit fund organisations. However, the actual amount must be several times more," chief Birajit Sinha told reporters here.

He said that the hard-earned money of over 14 lakh depositors in was looted by these companies but the state's did little to tackle the problem.

"Even the central government led by the BJP (Bharatiya Janata Party) is reluctant to ask the Central Bureau of Investigation to probe the fraudulent acts."

Sinha, a former minister, said the newly-constituted Pradesh Committee (TPCC) will meet soon to chalk out an agitational programme against the "misrule of the Left government".

"Corruption, financial irregularities, unemployment and miss-governance are rampant in Left-ruled and these are increasing with each passing day," he claimed.

Newly-appointed state Vice-President Tapas Dey said: "The High Court earlier asked the CBI to inquire into the activities of illegal NBFCs and chit fund groups, but the central agency, at the instance of the Centre, refused to do so."

Denying the charge, Communist Party of India-Marxist (CPI-M) State Secretary Bijan Dhar said the state government had taken steps to protect the interests of depositors and investors.

Dhar said the government is the first among those in the states to have enacted law to deal with illegal chit fund and NBFC companies and had asked the CBI to probe illegal collection of money from thousands of people.

--IANS

sc/tsb/vd

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22