At the outset of CHIT FUND SCANDAL, let us have a close look at what was the scenario of CHIT FUND during the LF Dynasty where thousands & thousands of common poor people were left in a penniless state not only once but on numeral occasions. For More detailed Reports refer to the following links which has been another major source for compilation of the following Statistics. twocircles.net/node/262005 books.google.co.in/books?id=N7QI4eOM18cC&pg=PA118&lpg=PA118&dq=West+Bengal%2Bscandals%2B1979&source=bl&ots=65XMudsnwn&sig=4E3SGUFphyEQjUunxtZR0XWOjjU&hl=en&sa=X&ei=cMZ0Uer0K4HJrQf1uYGwCg&ved=0CC4Q6AEwADgK#v=onepage&q=West%20Bengal%2Bscandals%2B1979&f=false History reveals that glimpse of CHIT FUND business in West Bengal gained momentum in the year 1977 under the reign of LEFT FRONT Govt. Gross violation of economic guideline and fleeing activities undertaken by some fake financial organizations at the then time made investors penniless that time. We can recollect the popular names as Sanchaita, Sanchita, Star Investment Company etc. in the earlier 80s and later on we witnessed hoax created by baseless units as OVERLAND, GTFS, SATADAL etc. But the most sensational fact here indicates the active involvement of Mr. Chandan Bose who got spared from the charges while similar organizations had to face the wrath of Govt. Proceedings . Apart from State Govt. sponsored numeral businesses owned by Mr. Chandan Bose, the reputed son of the then CM Jyoti Bose, Mr. Chandan Bose was a Business Partner in Star Investment Company. In 1977, the then State Finance Minister Mr. Ashoke Mitra had his own initiative in making the CHIT FUND BILL (Framed by Janata Dal) implemented for all suspicious financial companies inclusive running scanners by raiding offices of all and sundry including today’s famous organization as PEERLESS FINNANCE but surprise exemption in this case was STAR INVESTMENT COMPANY. The reason behind such biased attitude is yet to be unknown as Insiders conclude that presence of CM’s son in ownership level helped them to escape this scanner. In the month of February, 1984 Jyoti Bose, the then CM, went to BOMBAY on a financial mission. But the basic reason behind his visit remained enshrouded in mystery. It is alleged by the insiders that the Capital Amount that was provided to Chandan Bose by WEST BENGAL FINANCIAL CORPORATION were not utilized in proper way. Questions as follows filled air seeking explanation from Ministry but these superiors preferred to remain silent. • Why the Capital Amount sponsored by WBFC was not utilized in proper fashion? • What is the relationship between Mr. Chandan Bose and Star Investment Company? • What made State Govt. and the then CM remain silent in this important debacle? Umpteen rumors’ had in this way grown up around Mr. Chandan Bose. Much furore took place around Chandan Bose, the son of the then chief minister Jyoti Bose in post 1987 scenario. But the entire CPIM Party, Central or State unit, did not have the courage to demand explanation from Mr. Jyoti Basu. In the Meetings of the CPIM State Committee or in the Meetings of the State Secretaries, the complaints brought against the sons of Prashanta Sur, Rabin Mukherjee, Lakshmi Sen etc. were granted for discussion but no one dared to raise complaints against Mr. Jayanta Roy, the brother-in-law of Mr. Jyoti Bose and Mr. Chandan Bose, the son of Mr. Jyoti Bose despite so many serious allegations articulated throughout the state. Before determining accuracies of such rumors let us have a look at the lifestyle of this gentleman before coming into business. The only son of Mr. Jyoti Bose, Mr. Chandan Bose happened to be a student of St. Pauls College, who managed to pass Higher-Secondary (Old Syllabus) in second division. Marks obtained by him here was so poor that he even was not allowed to sit for the Joint Entrance Examination although he had his ambition & strong desire to continue in his Medical Science career. Only with the recommendations of Mr. Siddharta Sankar Roy, the person at the helm of affairs in West Bengal then, Mr. Chandan met Mr. Farooq Abdulla who was a lecturer then at Srinagar Medical College requesting admission. Mr. Abdulla made necessary amends in admitting Mr. Chandan Bose but we found that Mr. Chandan could not complete this course and left home in the midway. By virtue of secret recommendations, unknown to us, Mr. Chandan Bose earned a prestigious job in BENGAL LAMP COMPANY to the capacity of JUNIOR EXECUTIVE. Although at that time POLICY of this company saw no scope for grabbing any Executive rank for under graduates, Mr. Bose had this blessing from some unknown source. I think, we have not forgotten the important publication of ANANDA BAZAR PATRIKA on 18th September 1988. Among other massacres of LF Govt. the issues of BENGAL LAMP came up to the citizens which revealed the truth as follows: • What stood behind Directive of CM to purchase Lamps, Tube lights etc. from BENGAL LAMP COMPANY only? • Why CM directive did not get recorded in consequent files? • Why the then CM was concerned with the financial crisis in BENGAL LAMP COMPANY only when so many thousands of units were under financial crisis and were forced to close down later? • What made the then PWD Minister Mr. Jatin Chakravarthy resign from his tenure? • Why RSP could not nominate a successor for Mr. Chakravarthy as PWD Minister? • Who was Mr. Bhabani Mukherjee in second LF reign? • What made Mr. Bhabani Mukherjee, MIC – LF Ministry and Chairman of Pollution Control Board driven out of each portfolio? Let us turn around for a while from the Financial Scandals taking place at the Royal Dynasty of Leftists which badly needs more bigger pages to elaborate. We need to focus on today’s theme as CHIT FUND MASSACRE only which clearly brings before us the MR. CHANDAN BOSE as one of the prime Pioneer among BHUDEB SEN and others. The question comes to ones mind stands as follows: What measures were undertaken by the Versatile Left Ministers since 1977 till 2011 in controlling and curbing their activities? What actions were taken to console lakhs of investors hurt from Chit Fund massacre in 1977? What made Mr. CHANDAN BOSE earn advantage in evading raids while the other Chit Funds could not? Although any Financial Organization Control Power is bestowed on Govt. of India only, why the longest run West Bengal ministry felt the need to initiate framing a suitable measure and ended up in framing a incomplete guideline in the year 2009 only? What made Mr. Buddhadeb Bhattacharya and Mr. Biman Bose remain absent in largest fun fiesta HOPE 87 carnival and who were financial sponsors behind this grand Show? In the post 2009 period, how many times Govt. representatives visited Delhi pursuing this guideline? Thus the CPIM role of sympathizer to these affected & exploited people stands ridiculous. It is clearly evident that directionless CPIM is trying to catch fish in muddy water. They can not even deny that they were the mastermind in issuing Licenses to this dishonesty. Proper & thorough Investigation is the need of hour now to expose Financial Exploitation of common people and sources reveal that Durgapur, Midnapore and Hooghly may bring to light direct involvement of Comrades’ and major politicians. The already published miseries owing to SARADHA GROUP is sensitive enough but GOVT. need to scan other smaller & middle CHIT FUNDS also to eradicate the infectious ruining activities undertaken hereto. Present State Govt. is trying their level best to introduce LAW & PROCEDURE duly to be endorsed by the Govt. of India as protective / preventive Measure ensuring financial safety of the common people. We need to bear with the proceedings undertaken by this newly State Govt., who is also thinking to compensate the duped investors. Hon’ble CM, Mrs. Mamata Banerjee has already pressed the Investigation Button with her bold declaration that none would be Spared whoever he/she may since No one is above LAW. But my Friends be careful from the sporadic rumors’ spread by LEFTIST STATISTICAL INTELLECTUALS with innovated LEGAL EXPERT OPINION as follows: • Actors/ Actresses must possess degree in statistics or to get booked as Offender if terrorists happen to prefer any Movie and visit cinema Hall. • Brand Ambassadors need to be careful as they are supposed to be put under Bar if the State/Company is found connected with Fraudulent activities. • Anyone found in a photo frame along with miscreants of any nature need to be rejected. • Reputed Singers must possess accountancy degree to record the purchaser details or be a offender. • Famous Poets and Novelist must be a statistician to enlist the details of Purchasers of CD, Cassettes etc. • Renowned painters must appoint statistician or chartered accountant to record the name & address of purchasers in any exhibition site. If the above ridiculous day dreams are made applicable notable celebrities as Shahrukh Khan, Sachin Tendulkar, Mithun Chakroborty etc. may be under serious threat anytime, anywhere. Also my communist brother please provide us with the list of purchaser for Marxist LITERATURE and compositions of leftist reputed poets and novelists inclusive of Mr. Buddhadeb Bhattacharya. We also recollect the Photo session of Mr. Bhattacharya with Coal Mafia KALU SINGH where our ex CM is seen as recipient of Cheque from Singhjee. We have witnessed the Grand Fiesta namely HOPE 86 in Salt Lake Stadium and we need to know the list of Prime Sponsors for that event where Mr. Bhattacharya and Mr. Biman Bose were notable absentee. Why ? Under such volatile circumstances, small investors like us strongly opine to conduct a impartial investigation for financial nuisances hurting common people not only for the present Scam in evidence but to provide justice to those affected in earlier years. We strongly believe that the real culprits, Past and Present, can be brought before the public with expectation of lost-amount get retrieved to some extent.
Posted on: Wed, 19 Jun 2013 20:49:15 +0000
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