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Chit lessons with RBI help

Suri, Feb. 19: The Birbhum administration has started holding seminars chaired by senior RBI officials to make people aware of “risky” investments in chit funds.

Sources said the decision was taken on January 31 by district magistrate J.P. Meena following several complaints of misappropriation from both agents and investors.

A seminar chaired by RBI assistant manager Goutam Basu was held last Tuesday in Rampurhat and another such workshop was held in Bolpur on Thursday.

A seminar in Suri was held last month chaired by the assistant manager of RBI, Manabendranath Roy.

District officials said they had received complaints, both written and verbal, about non-payment of returns.

“We have received at least 15 complaints over the past few months from different agents and common people about their loss of money. This is alarming,” an official said.

Asked about the seminars, the district magistrate said: “We are conducting seminars with the help of the consumer affairs department. It is a campaign to make people aware about risky investments.”

Recently, agents of a chit fund in Rampurhat beat up a senior and handed him over to police accusing him of misappropriating Rs 1.8 crore. The person died a few days later.

District officials said they would prepare a list of dubious chit funds.

 
 
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