Trinamool MP quizzed in chit fund mess, protests continue

Trinamool MP quizzed in chit fund mess, protests continue Kolkata, April 30: Taking forward investigation into the multi-billion crore rupee chit fund muddle that has rocked West Bengal, police yesterday quizzed ruling Trinamool Congress MP Kunal Ghosh while Congress activists demonstrated on the streets Kolkata, April 30: Taking forward investigation into the multi-billion crore rupee chit fund muddle that has rocked West Bengal, police yesterday quizzed ruling Trinamool Congress MP Kunal Ghosh while Congress activists demonstrated on the streets demanding Chief Minister Mamata Banerjee's resignation in the scam. Nearly took weeks after the Saradha Group companies went bust and downed shutters across the state unable to repay the lakhs of depositors, the under-fire Mamata Banerjee government distributed leaflets asking investors to keep their money in small savings schemes in post offices.Cautioning people about the uncertainties of putting their money in chit funds and non-banking financial companies, the leaflets said: "Don't step into such allurement and get cheated. argued Ghosh, who has claimed to have put in their papers before the media arm was shut down completely.Saradha Group chief Sudipta Sen, behind bars and facing prosecution for cheating, had written to the Central Bureau of Investigation April 6, accusing several high profile Trinamool Congress and Congress leaders, including Ghosh, of complicity in the chit fund scam.Ghosh also denied allegations that he coerced Sen into selling one of the media houses at a throwaway price. They also staged a protest when Ghosh was about to board his vehicle after being questioned by police.Tthe state assembly began a two-day special session to pass a bill - West Bengal Protection of Interest of Depositors in Financial Establishments Bill, 2013 - to rein in chit funds.However, the opposition Left Front attacked the government for seeking to withdraw an earlier bill passed by the legislature and pass a new one without any explanation.Leader of Opposition Surjya Kanta Mishra, of the Communist Party of India-Marxist, contended that the withdrawal of the West Bengal Protection of Interest of Depositors in Financial Institutions Bill without giving proper explanation and reasons was unconstitutional.