Protests against Waris, Basil continue
Agartala : By Our Correspondent
Protests against chit-fund companies for duping investors continued across the state as irate depositors as well as agents today staged demonstrations outside official residence of Chief Minister Manik Sarkar and local offices of NBFCs. Sarkar, in a blood donation camp this morning, said, “A group of investors today met me seeking steps to get back of their money. I advised them not to deposit their money in such NBFCs. How they can give more than 9 percent commission to agents”. Hundreds of depositors and agents of Support India Commercial Private Limited staged demonstration outside the official residence of Sarkar seeking steps on the part of state government to get back their money. They saw that the branch offices of the company, in which they had put money lured by the promise of high interest rates, were closed down. The people vented their anger by staging a demonstration, demanding their money back and arrest of financial director Biswajit Debnath.
In another incident, a large number of Waris chit-fund investors had a brawl with the agents in the city office today forcing Police to rush to the venue to maintain law and order. The angry depositors attacked the office of Waris chit-fund firm demanding maturity and allegedly chased some senior agents. They also engaged in street fights. “We just want our money back. The company officials should not be spared until and unless we get back our entire money”, said a protestor. Several groups went bust and their offices downed shutters unable to repay the depositors who had parked their hard-earned money lured by astronomically high interest rates promised by the companies. Widespread protest by investors was reported from the city office of Basil International Limited, where agents of the chit fund company were chased and heckled by depositors. Many offices of the chit fund were damaged by the protestors. Following state-wide protests by depositors and agents against chit funds which are virtually on the verge of collapse, the state government assured that strict action would be initiated.