TMC MP blames Centre, RBI for not acting against Saradha group

With the Trinamool Congress government under fire over the alleged fraud by collapsed chitfund company Saradha Group, senior party leader Saugata Roy today blamed central agencies like RBI for not taking action in the matter.

"The Centre did not take action. RBI could have taken steps. But it did not act," Roy, a TMC Lok Sabha member told PTI.

Roy said he had made a case against chitfunds during his speech in Lok Sabha on December 18 last year.

To a question on the return of money to the defrauded depositers, he said that the West Bengal government had no role in it.

"Even if the state government wanted it cannot do so. It has to be done at the direction of the High Court. If the matter later goes to court and a liquidator is appointed, then it can be done," he said, adding that government has instituted a SIT probe and an high-level inquiry into it.

"Morever, Chief Minister Mamata Banerjee has said that action will be taken against all involved in the matter," Roy added.