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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


The Chief Minister, however, said that processing was on for making payment to nearly four to five lakh depositors before Kali Puja.

Justice (Retd) Sen said that nearly Rs 50 crore would be spent before Kali Puja on making payment to the Saradha Group depositors.
The state government earlier had set up a fund of Rs 500 crore for the purpose.

He explained that the money for payment to the depositors would be mobilised through sale of assets and properties of Saradha Group chairman Sudipta Sen.
The excess amount would be returned to the state government.

So far, the Commission has heard nearly 8,000 depositors, while 17.39 lakh depositors registered their complaints.
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