WB Assembly's special session on chit fund scam to begin today
Posted on: 10:44 AM IST Apr 29, 2013
Kolkata: West Bengal Chief Minister Mamata Banerjee is getting ready to face the Opposition fire in the state Assembly. A special 2-day session has been called by Governor MK Narayanan from Monday to discuss the chit fund scam in the state.
It has not just wiped away crores of investor money but also dragged the Trinamool Congress and Congress ministers into the mess. The scam is also getting bigger with market regulator Sebi turning the heat on over a dozen other companies running ponzi schemes.
People are rushing to withdraw Rs 20,000 crore invested in these companies. The government is hoping to tighten laws relating to chit funds in the special Assembly session.