TIWN Mar 21,2017
AGARTALA / KOLKATA, March 21 (TIWN): Manik Sarkar led CPI-M Govt’s patronage for Chit Fund companies are evident by the fact that, Orissa, Bengal Govts confiscated many moveable and immoveable properties of Ponzi firms like Basil,Sarada, Rose Valley and put them up for auctions, but Tripura yet to take up any such actions. TIWN’s field survey across Tripura unearthed the fact that massive chunk of State’s prime land under the ownership of various Chit Fund companies even though Chief Minister Manik Sarkar pretends ‘innocence’ about Chit Funds dirty deals with CPI-M in Tripura. TIWN team found that massive amount of lands allocated in Gomati District still owned by a crooked Chit Fund company Basil International whose Directors arrested by CBI, properties confiscated by Orissa, Bengal but in Tripura, Basil Intl continue to hold hundreds of crores prime lands like one beside Barvaiya Gram Panchayat, Tepania RD Block, Gomati Dist due to blessings of State CPI-M leaders.
However even after looting thousands of crores, CPI-M Govt reluctant to confiscate hundreds of acres prime land and moveable,immoveable properties across Tripura amassed by Rose Valley, Sarada, Basil Interational and other smaller Chit fund companies.
Rose Valley Chit Fund’s Tripura headquarter building (beside Rabindra Bhavan) was supposed to be confiscated and then should be demolished as building itself was illegally constructed by bribing AMC (Agartala Municipal Corporation) and CPI-M leaders.
Total amount collected by the Chit fund companies (in Tripura) was Rs 1,172 crore while Rose Valley alone had collected over 700 hundred of crores from middle class / poor depositors over years and looted all the money.
After Assam Poll victory, Modi led BJP Govt and CBI regional office in Kolkata geared up actions against all Bengal based Chit Fund companies which looted thousands of crores money from ordinary people from Tripura, Assam, West Bengal and bordering States. The CBI earlier arrested the former director of West Bengal-based private company Basil International Ltd in its ongoing investigation into a chit fund case.Dr. P.P.S. Sethi was arrested on charges of cheating, criminal conspiracy and criminal breach of trust and diversion of funds, said a Central Bureau of Investigation (CBI) officer.
The officer said that Sethi was the founder director of Basil, an asset management company, which issued product scheme cards and preference share certificates against public collection without taking permission from the regulatory bodies. A total of 246 cases have been registered by the CBI against 128 companies, including Basil International Limited, Saradha Group, Rose Valley, Unipay 2 U, Jeevan Suraksha, Prayag, Abyss Assam Group and Daffodils Group of Companies.
"Basil International had collected Rs.3,500 crore from the public," said the CBI officer.
Basil International's Director Dr. P.P.S. Sethi not only visited Tripura multiple times - countless parleys with Chief Minister, State CPI-M leaders resulted in mass land allotments to Basil at throwaway price in exchange of cash donations to Party fund.
A total of 246 cases have been registered by the CBI against 128 companies, including Saradha Group, Rose Valley, Unipay 2 U, Jeevan Suraksha, Prayag, Abyss Assam Group Co, Basil International Limited and Daffodils Group of Companies in Bengal, Orissa, Assam, Tripura but CBI’s investigation progress almost NIL in Tripura.
One serving IPS official alleged that , CBI’s North East Zone head Rajib Singh who was posted earlier as IG of Tripura Police maybe the reason behind slow moving CBI investigation in Tripura.
'IPS officer Rajib Singh is extremely close with Manik Sarkar, which most likely the primary reason for CBI’s go-slow policy on Tripura’s 1122 crores Chit Fund scams'.
So far, CBI’s chit fund investigation in Tripura barely made any progress due to apathy of CBI’s North East Zone Shillong office and unholy alliance among few Tripura Ministers, Police officials, local CBI bureau.
Leading Kolkata based national news channel ABP Ananda in March 30, 2015 aired a special coverage on the chit fund lootingsin Tripura. ABP Ananda flashed State's leading online portal TRIPURAINFOWAY.com for links and pictures of Manik Sarkar and Ministers like Bijita Nath promoting Rose Valley and other Chit fund companies