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  4. Mamata gives away cheques to defrauded Saradha depositors

Mamata gives away cheques to defrauded Saradha depositors

Kolkata: Keeping to her promise to return money to the poor who had invested in the Saradha Group which went bust in April this year, Chief Minister Mamata Banerjee today distributed cheques to 929 such

PTI Published : Sep 30, 2013 19:56 IST, Updated : Sep 30, 2013 20:18 IST


Banerjee said her government wants to set up a Safe Saving Scheme in which small and medium investors could deposit their hard-earned money without any fear.

“But the scheme is yet to be finalised as an Act dealing with the scheme needs some clarification. Anyway, nothing will wait for any Act. We shall go ahead with our plan to return money to depositors of the Saradha Group of companies. I shall let you know when the scheme will be launched,” she said.

Justice (Retd) Shyamal Kumar Sen lauded the government initiative to return money to the poor depositors, describing the decision as ‘historic'.

Justice (Retd) Sen said that in addition to today's 929 depositors, payment would be made to 1.04 lakh depositors before Durga Puja and two lakh more before Kali Puja.

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