Opposition seeks white paper on chit fund
Aug 23, 2013
Source : The Times of India


BHUBANESWAR: The assembly on Thursday witnessed noisy scenes over the chit fund scam with the opposition parties demanding a white paper on it.

The Congress also engaged in verbal duel with ruling party members and rushed into the well over their demand, forcing the chair to adjourn the house for half an hour.

Raising the issue, leader of opposition Bhupinder Singh asked, "Why the state government is reluctant to come out with a white paper on the scam? I have been demanding for a long time...but the chief minister has no concern for the poor investors".

Singh accused the chief minister of shielding ministers and ruling party MLAs involved in the scam. He demanded the government to disclose names of the politicians behind the illegal money laundering business of Artha Tatwa, Seashore and other chit fund companies.

Justifying his allegation, Singh said, "The government's bid to protect persons involved in the ponzi scam is evident from different investigations ordered into the offence. While the Crime Branch is probing certain cases, the government allowed the commissionerate of police to probe other allegations."

BJP state president K V Singhdeo also supported Singh's demand for a white paper on chit fund scam.

The treasury bench defended the government by stating that police have arrested the heads of different money circulation companies and they are behind bars. Their properties have been sealed and the government has set up a corpus fund to refund the poor investors, they added.

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