| Director of Saradha Group Debjani Mukherjee being produced at a court in Calcutta. File picture |
Guwahati, Aug. 29: The Assam government will constitute district-wise committees to repay investors who were duped by deposit-collecting companies by utilising money seized from these companies.
The state government proposed this move in Gauhati High Court today during the hearing of five public interest litigations (PILs) and two writ petitions filed in connection with the alleged frauds committed by different deposit-collecting companies.
The high court has tagged these petitions for hearing since the matters raised in the petitions are identical. One of the PILs was registered suo motu by the high court against deposit-collecting companies for allegedly duping scores of investors in Assam of crores of rupees.
The state government had prepared the proposal in pursuance of a high court order passed on April 22 this year, directing the government to return the money seized from the companies to the rightful claimants.
A division bench of Chief Justice Adarsh Kumar Goel and Justice Ujjal Bhuyan today gave a month’s time to the state government to constitute the proposed committees and submit a list containing the names of members of the committees to the court.
The court also asked the state government to submit the modalities on the basis of which repayment will be made within a month.
Advocate Debasish Sur, who appeared in the court on behalf of Jeevan Suraksha Workers’ Association, told The Telegraph that they had filed an affidavit today complaining about the “slow pace of the investigation”.
Sur wanted R.K. Singh, trustee of Jeevan Suraksha Group, to be questioned and alleged that the police had not investigated him so far for reasons best known to them.
Sur said Singh, who was close to Jeevan Suraksha Group managing director Chandan Das, has allegedly siphoned off a huge amount of depositors’ money.
Assam director-general of police Jayanto Narayan Chaudhury, in an affidavit submitted in connection with the case on April 22, had stated that approximately Rs 93 lakh had been seized and about Rs 24 crore frozen.
“Some immovable properties have also been seized and the court moved for attachment of some other properties,” the affidavit added.
Assam police had also constituted a special investigation team for monitoring and supervising the investigation of 192 cases against deposit-collecting companies in the state.