A massive protest by Chit Fund victims was taken out in Kalimpong the day before. The victims who have organized themselves under the banner of “Chitfund Pidhit Janta” has held the WB Government responsible for ruining their lives and wiping out their life-long savings. They demanded that since the WB Govt had given permission for the fraudulent chit funds to operate, they should be held responsible for returning the money of the victims.
Speaking to the press, Mr. Narendra Pradhan, President of the organization said, “the government is responsible for all that happened… why did they give permission to chit fund companies to operate without proper scrutiny? once they decided to shut down those companies, why did the government not return the funds of the victims?? Since the government gave certificates and permission for the companies to operate, we invested money in them… so the government should take responsibility to return our hard earned money.”
Chit fund has wiped out savings of a large number of families from the Darjeeling, Terai and Dooars region, and till date the government has not taken any action to refund the victims.
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