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HindustanTimes Tue,16 Sep 2014

Sushil Modi lends support to Mamata

HT Correspondent , Hindustan Times  Kolkata, April 28, 2013
First Published: 18:15 IST(28/4/2013) | Last Updated: 18:17 IST(28/4/2013)

BJP leader Sushil Kumar Modi on Saturday expressed hope that chief minister Mamata Banerjee would protect investors and demanded that the Centre should intervene in chit fund irregularities.

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When asked about the West Bengal-based chit funds operating in Bihar, Jharkhand and Orissa, the deputy chief minister of Bihar said, “Some of the chit funds are also operating in Bihar. We have a law to protect the depositors’ money, but these companies manage to find loopholes in the system.”

He added, “Only a stronger regulatory body and laws by the Centre can check the spread. SEBI, RBI, SFIO and the corporate affairs ministry are best suited to check this menace.”


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