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| Chit fund scam: |
| Chit fund scam: Mamata asks Bengal to smoke a little more to help raise Rs. 500-cr relief fund
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| INDIA
, 25-April-2013
3:4:57 AM |
| Mamata Banerjee announced a Rs. 500 crore fund yesterday to refund some of the lakhs of depositors who have lost their savings in the Saradha chit fund collapse. The Chief Minister was apologetic as she announced a 10 per cent additional tax on cigarettes, suggesting, with the hint of a smile, that people could smoke more for a few days to help raise the money sooner
The cigarette tax, Ms Banerjee said, would raise about Rs. 150 crore for the fund. "We will tap other sources to get the rest of the amount...This will help the common people who are now in distress," she said, denying that her party, the Trinamool Congress, encouraged or exploited Sudipta Sen, the man who ran the chit fund scheme that collapsed in West Bengal last week.
Mr Sen, who had been missing for more than a week, was arrested in Kashmir on Monday. He was brought to Kolkata late on Wednesday night. While he was on the run, he sent a letter to the CBI in which he claims he will "be committing suicide any moment."
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