This Article is From Apr 24, 2013

Relief fund of Rs 500 crore to be set up for investors in Saradha chit fund, says Mamata Banerjee

Relief fund of Rs 500 crore to be set up for investors in Saradha chit fund, says Mamata Banerjee
Kolkata: West Bengal Chief Minister Mamata Banerjee speaks on the controversial chit fund scam of the Saradha Group which went bust last week. Here are the highlights of what she said:

  • We have formed a commission of inquiry
  • That will decide how much, who to pay back
  • We will pass a new search and seize law in the Assembly in one day
  • We have made a provision of  500 Cr for relief to small and medium depositors
  • Just want to tell the Left that please do less of 'politics'. Try to understand the pain
  • Whatever possible, we will do for the people
  • The cops are doing their job
  • I want to tell people to be cautious about their investments. I urge Centre to increase returns on post-office savings

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