PART-3. Saradha Group financial scandal : MAMATA After taking over as CM of West Bengal, defeating Communists, she could not manage her State, now in Delhi protesting and abusing PM Along with a bunch of evil associates.

WONDER HOW PEOPLE OF BHARATHAM LISTENING THIS IRRESPONSIBLE PERSON WHO FAILED IN HER DUTIES AS CM OF BENGAL !!!!!!!!!!

26/11/2016.
       881.
                All Members,
         Respected family members of this great holy Nation.

Sub : Saradha Group financial scandal

Ref : After taking over as CM of West Bengal, defeating Communists, she could not manage her State, now in Delhi protesting and abusing  PM  Along with a bunch of evil associates

SCANDAL STORY :

Part-3.

The relatively prosperous rural economy of West Bengal had previously relied on small savings schemes run by the Indian Postal Service.

However, low rates of interest in the 1980s and 1990s encouraged the rise of several Ponzi schemes in speculative ventures such as Sanchayita Investments, Overland Investment Company, Verona Credit and Commercial Investment Company.

Together, these scams eliminated close to Rupees 10 billion (US$150 million) in investor wealth.

Despite a history of Ponzi schemes, the continuing decline in interest rates, rapid financialisation of household savings, lack of financial literacy and investor awareness, political patronage, absence of adequate legal deterrence, and regulatory arbitrage encouraged the growth of similar companies.

These companies either raised their funds through legitimate channels such as collective investment schemes, non-convertible debentures and preference shares, or illegitimately through hoax financial instruments such as teak bonds, potato bonds or fictitious ventures in agro-export, construction and manufacturing.

As of 2013, 80% of multi-level marketing and finance schemes against which complaints have been received are based in West Bengal, giving the state the title of "Ponzi capital of India".

It is estimated that these Ponzi funds have amassed around Rupees 10 trillion (US$150 billion) from unsuspecting depositors in Eastern India.

NOTE

1. CPM RULED BENGAL VERY LONG, TILL DEFEATED BY TRINAMOOL CONGRESS, LEAD BY MAMATA;

2. THESE Ponzi schemes ALREADY IN EXISTENCE DURING CPM REGIME;

3. LATER UNDER MAMATA CONTINUED TO CHEAT THE PUBLIC;

4. COMMUNISTS OF BENGAL, UNDER BOTH YECHURY AND RAJA, DID NOT CONTROL THIS EVIL DEMON;

5. NOW THESE YECHURY, RAJA  AND MAMATA SHEDDING CROCODILE TEARS IN THE NAME OF POOR AND ABUSE OUR PM SHRI MODIJI;

6. TILL THIS DAY THESE STUPID LEADERS WHO OPPOSE PM IN EVERY ACTION, WHY DIDN'T LOOK AFTER BENGAL, AND ELIMINATE THIS SOCIAL EVIL?

IF COMMUNISTS DESTROYED BENGAL EARLY, NOW MAMATA'S TRINAMOOL PLUNDERING BENGAL'S IGNORANT POOR, UNDER SOPHISTICATED NAME OF SAVINGS IN THE PONZI FUNDS ?????

Next : Part-4. Modus operandi of Saradha -

Thank you for reading
           JAIHIND.
  To be continued......

MAMATA ASSOCIATION WITH CRIMINALS WHO SPARKED THE MANY RIOTS OF INVOLVING MUSLIMS AGAINST HINDUS IN BENGAL