AGARTALA / KHOWAI, July 3 (TIWN): On yet another crackdown the chit fund company business at Khowai sub-division being unearthed by TIWN, led the District administration to close the office and its illegal business which duped Rs. 5, 25, 000 from at least 150 youths since the last couple of months. After being show caused by the concerned administration, the Business coordinator of “Make Life Banijya Private Limited” chit fund company Debojit Sengupta, from Kolkata had come here on Thursday to meet the Small Saving Officer Santunu Ghosh and Marketing Development Officer Abhijeet Kar, but has failed to provide legal and valid documents.

Sengupta along with the one Ranjit Sarkar from Khowai and the company CNF Babul Ghosh had met the officials on Thursday. Later after they were asked to provide documents related to the chit fund company being set up at Khowai, they failed to do; rather they managed to provide other documents which indicated that the products of the company are only meant for the sale in Kolkata.

The staffs engaged to the company also failed to provide the documents related to the products which are being sold here in an open market.

Interestingly enquired about the company at Kolkata the concerned officials here engaged to the enquiry of the chit fund company being set up at Khowai found that there is no such company exists at Khowai.

Besides, it has also been learnt that the Kolkata based chit fund company named as “Make Life Banijya Private Limited” managed to collect Rs. 5, 25, 000 from at least 150 youths of Khowai Sub-division. Talking to TIWN on Thursday in this regard SDM, Khowai Samit Ray Chowdhury said, “We have already taken an action against the company and taken up the entire matter with the Small Saving Director.”

“We have issued a show case notice to the chit fund company officials and asked them to close the office at the earliest,” adding SDM said that such illegal activities would not be tolerated here as collecting funds by the chit fund companies are strictly banned.

 TIWN on June 28 unearthed fraud business of the “Make Life Banijya Private Limited” Chit fund company at Khowai sub division. TIWN also unearthed the Kolkata based company which has been marketing illegally in exchange of hefty profit here in Tripura for the last many days and cheating several numbers of youths. The company is engaged selling some foreign products in an open market here.

 Interestingly this company has engaged some youths who earlier worked at Rose Valley Chit Fund Company which had duped crores of money from the innocent people of the state. 

“The inaugurator of the company is Chief Whip Samir Deb Sarkar and was inaugurated on June 8, 2015” using the sign board the company managed to fraud a large number of youths of Khowai sub-division. But interestingly asked about the matter local CPI-M leader denying this said, “Samir Sarkar has not inaugurated such NBFC company here at Khowai.”

However, the chit fund scam here in Tripura has of course become a major challenge for the state Left front government which had failed to bring an end to it yet today. Because this time on yet another fresh scam by the “Make Life Banijya Private Limited”, a Kolkata based Non-Banking Financial Company (NBFC) at Khowai, used the name of the ruling CPI-M leader Samir Deb Sarkar which has brought another embarrassment for the party here and has triggered a serious questions among the locals.