Answering a query on the alleged role of his party MPs in the chit fund scam, Trinamool leader Derek O'Brien said the party was doing its own investigations into the case and "no one will be spared".
"There are three letters written by Minister of State for Health (who) wrote one letter in September 2011 slamming the Sarada group. Six months later, he wrote a letter to the Prime Minister praising the group and even asking him to keep this group out of the purview of the Reserve Bank.
O'Brien said his party was taking multiple actions to get to the bottom of the whole issue including the arrest of Sudipto Sen, ordering SIT and judicial probe, calling a special Assembly session and creation of a Rs 500 crore corpus for the victims of the alleged scam.
The TMC leader said, "Chit funds are there from 70s, 80s and 90s and are a legacy of the Congress and CPM rule. So, now the skeletons are coming out of the cupboard. The situation is sad because so many people have lost their life savings. The TMC is acting and acting fast.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
