PART-9. 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.

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 Affected small investors

Opinion
03/12/2016.
       892.
                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


Poor who lost money

SCANDAL STORY :




Part-9.  Aftermath and reactions
             State government reaction
            1.  West Bengal.


Mamata Banerjee was reported to have said, "ja gechhey ta gechhey" (whatever has gone has gone).

1. On 22 April 2013 the West Bengal government announced that a four-member judicial inquiry commission headed by Shyamal Kumar Sen, retired Chief Justice of the Allahabad High Court, would probe the scam.

2. The commission was named the Justice Shyamal Sen Commission of Enquiry (Saradha Group of Companies and other similar companies).

3. West Bengal's Chief Minister Mamata Banerjee was reported to have said, "ja gechhey ta gechhey" (whatever has gone has gone).



Mamata Banerjee was reported to have said, "ja gechhey ta gechhey" (whatever has gone has gone).

4.  On 24 April 2013, Banerjee announced a controversial Rupees 500 crore (US$74 million) relief fund for the low income depositors of the Saradha Group, introducing a 10% additional tax on tobacco products to raise the money and in jest asked smokers "to light up a little more".


5.  The propriety of the fund was later questioned by the Governor of RBI.

6.  The West Bengal government also set up a Special Investigation Team (SIT) u/s 36 of the CrPC, with officers drawn from the state's CID and Kolkata Police, to pool the criminal cases and investigate the Saradha Group.




7.  The State Government staunchly opposed all investigations by federal investigative agencies CBI, ED and SFIO; conceding only after the Supreme Court ordered the federal agencies to take up the investigation.

Next : Part -10. Aftermath and reactions - Continued  ..1.  West Bengal.
Thank you for reading
           JAIHIND.
  To be continued.....


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