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A Script of Insignificance to Significance for New Bengal- Korbo, Jeetbo

  • Sukanya Iyer
  • February 5, 2019
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As I pen down my thought Process with another Article of mine, amidst the chaos that our Nation is Posed to & which is currently undergoing Political Turbulence as we head towards Lok Sabha Elections 2019, yes, it’s Indeed filled with lot of anxious moments which is visible in Indian Polity. Before I get into the depth of my write-up, while I sip my Cuppa filter Coffee, on West Bengals, Cacophonic Atmosphere, created duly by Mamata Banerjee, not upholding the Principles of Democracy, Sort of Anarchy in West Bengals Administrative machinery led by CM of Bengal. I would like to Quote a phrase from the greatest son of our soil, Nations Pride-Rabindranath Tagore—

“The Flower which is Single, need not envy the thorns that are numerous”.

Let me give you all A brief on West Bengal—

West Bengal, State of India which is located in the Eastern Part of the Country, it is bounded to the North by the State of Sikkim, and the country of Bhutan to the North East by the country Of Bangladesh, to the South by the Bay of Bengal, to the South West by the state of Odisha, to the West, by the States of Jharkhand & Bihar and to the North West  by the country of Nepal. West Bengal has a Peculiar Configuration: its breadth ranges from 200 miles(320Km), at one point to hardly 10 miles(16Km) at another. It’s roughly1,350mile (2,200Km) frontier with Bangladesh, neither its natural nor well-defined, is of strategic importance. The capital city is Kolkata Area (34,267 sq. Miles) (88,752 Sq. Km), population (2011) 91,347,736

 With such bounties of nature, West Bengals Administration failed miserably in Maintaining law & Order, & also engulfed in Corruption. Let me give you all a detailed overview of Saradha Scam:

The Saradha group financial scandal is a major financial scam & alleged Political scandal caused by the collapse of a Ponzi scheme run by Saradha Group in, a Consortium of over 200 Private Companies that were believed to be running collective investment schemes popularly but incorrectly referred to as chit funds.  Let me give you all the details of the Scam—

  1. Saradha Group collected around $4-6 billion from over 1.7 Million depositors before it collapsed in April 2013.
  2. In the aftermath of the scandal, the State Government of West Bengal, where the Saradha Group & most of its investors were based, instituted an Inquiry commission to investigate the collapse.
  3. The Central Government through the Income Tax Department & Enforcement Directorate launched a multi-agency probe to investigate the Saradha scam & similar Ponzi schemes.
  4. May 2014, the SC of India observed inter-State ramifications of the scheme, possible international money laundering, serious regulatory failures & alleged Political nexus, & hence, transferred all investigations into the Saradha scam & other Ponzi schemes to the CBI.
  5. Many Prominent Personalities were arrested for their involvement (MP) Kunal Ghosh, & Srinjoy Bose, former West Bengal director General of Police Rajat Majumdar, a top football club official Debrata Sarkar, Sports & Transport Minister in the Mamata Banerjee Cabinet—Madan Mitra.
  6. In February 2014, Sudipta Sen was was sentenced to 3years, in Jail for failing to deposit with the Provident fund authorities INR 0.03Million that his firm owed to its employees.
  7. As soon as the Scam was unearthed, the West Bengal Government, set up a four-member judiciary enquiry headed by Shyamal Kumar sen, retired Chief Justice of the Allahabad Court. The Commission was named justice Shyamal Sen Commission of Enquiry.
  8. The Commission completed its enquiry in Mid-August 2013.As many as 1.73 Million depositors filed a compliant with the Commission. In its recommendations, the State Government was urged to sell off the assets of the Sardha Group.
  9. The CM, Ms. Mamata Banerjee, to cover all the fraudulent Practices of Saradha Chit Funds, she gave an additional package of Rs.500cr Package as an eyewash to protect the interests of the investors, but this Tantra Niti of Mamata Banerjee bounced back severely. The biggest catch was that Mamata Banerjee introduced 10% additional Tax on Tobacco Products.
  10.  In few days of the collapse of the scheme, the Assam Government, unanimously passed the Assam Protection of Interests of Depositors (In Financial Establishments) (Amendment) Bill (2013) to enhance the protections available to depositors and to curb Fraudulent financial schemes.
  11. Around 6,000 investors in Odisha filed a complaint against the Sradha Group, mainly from areas adjoining West Bengal. The State Government launched an investigation by the crime Branch of the State Police.
  12. After a month the scheme collapsed, the Tripura Government handed over the documents of the case to CBI.

All the facts are there, it took about 10years of hiding facts. All the Looters are coming together Mamata, Lalu Yadav’s offspring’s, Nehru’s offspring’s & many others from all other political parties. A story of a decade of huge fund collections, another of investor outcry, In the last few months CBI has seized what is being seen as Paintings of West Bengal Chief Minister Ms. Mamata Banerjee. What amazes me the fact is that then defaults began on payments to investors who were promised huge returns & Political fallouts appeared inevitable. The ongoing stand-off between the CBI & the West Bengal Government has its roots in two alleged Ponzi scams, associated with the Saradha Group & the Rose Valley Group, which got busted in 2013. The Fund-raising schemes, allegedly without necessary regulatory approvals & Popularly known as “Chit Funds”, in this region, had been operating in West Bengal & its neighbouring states since 2000 & had mopped up thousands of crores rupees, from lakhs of Investors. What we find is that these two groups had invested heavily on Tours &Travels, Realty, Housing, resorts & Hotels, entertainment & Media.

Saradha Group, which is a consortium of over 239 Private Companies, believed to have amassed around Rs.4000cr., from over 1.7 Million depositors before it collapsed in April 2013. Rose Valley, on the other hand, is said to have raised around Rs.15000 Cr.

Members who were associated with the above two groups are—Sudipto Sen of Saradha & Gautam Kundu of Rose Valley – were allegedly close to West Bengal’s Left Front leaders, earlier, but Political Pundits say they allegedly switched sides once Trinamool started gaining ground in the state. But unfortunately, both groups started faltering towards the end of 2012, as soon as complaints started pouring in as their fortunes started dwindling about their alleged payment defaults. Saradha collapsed by 2013 & Sudipto Sen along with his trusted aide Debjani Mukherjee fled away from Bengal. This led to Mayhem in Bengal, thousands of Saradha collection agents assembled before the TMC headquarters & demand action against Sen. The First cases against Saradha were lodged at Bidha Nagar Police Commissionerate which was then headed by Rajeev Kumar. Kumar, a 1989 batch IPS officer along with his team had then arrested Sen along with Debjani from Kashmir on April 18,2013 & State Government formed a special SIT under him. The SIT also arrested the then TMC Rajya Sabha MP journalist Kunal Ghosh for his alleged involvement in the Saradha chit Fund Scam.

A CBI probe was ordered by SC of India, in May 2014, into the Chit Fund scam, after Senior Congress Leader Abdul Mannan file4d a plea. Several Top leaders & MPs like Srinjoy Bose, TMC leader Rajat Majumdar & the then Transport Minister Madan Mitra were arrested by CBI. Mukul Roy BJP leader was also interrogated as a witness by CBI in connection with the Scam in 2015. Enforcement Directorate-ED, in mid-2015, Kundu of Rose Valley Group were arrested in December 2016 & January 2017. TMC MPs Tapas Pal & Sudip Bandyopadhyay were arrested for their involvement in the Rose Valley scam. In January 2019, the CBI also arrested film producer, Srikant Mohta for his Alleged involvement in the Rose Valley Chit Fund Scam. Now most important aspect—that on February 2, the CBI claimed that Kumar had been “absconding & was being looked for” in the Saradha & Rose Valley Ponzi scheme cases. On February3rd 2019, a team of officers arrived at Rajeev Kumar’s official residence to question him but they were stopped by sentries & Kolkata Police Officials & these developments rattled CM Ms. Mamata Banerjee, Sitting on A dharna till Date, as on 5th February 2019, what according to her “Save Constitution Protest”.

Mamata Banerjee stands as on today completely exposed on Saradha Scam-Entire Investigation was Fixed, by West Bengal Administration. Kunal Ghosh, former TMC MP, he was told not to name by Police, its very evident now friends, Mamata Didi tried to Scuttle investigation. Lies Busted, CBI did inform Cops of Secret Suspension, Letters written by CBI requesting Police to join the Investigation, Documents Prove CVC asked to probe CBI. In total there were 5 secret Letters Mamata wanted to be hidden. I feel this is total Anarchy in Bengal, high octane theatrics in West Bengal, exposed Mamata Didi, who tangled Section 144, thereby shielding Top Cop Rajeev Kumar who vanished/ meddled those evidences, what is Appalling is that State’s CM shields the Top Cop who dwindles with the Evidences& interferes in the investigation, thereby she is protecting herself facing the Investigative agencies CBI, in Saradha Scam—Key Chit Fund Proof missing.

A Big Win for CBI on 6th of February, as SC of India gives Permission & instructs Rajeev Kumar to be interrogated as Mamata Banerjee blocked CBI but Top Court says Probe Top Cop.

I also would like to cite the Impact of the events in Kolkata which has been seen as Reinforcement of ALIBABA AUR CHAALIS CHOR—ohh yes, Iam talking about Emerging unity amongst all parties which are hellbent to with their TantraNitis to bring or rather the Anti-Corruption Crusader, Yes, our PM Modi—

The entire Episode has exploded into a political Drama, in fact no less than a thriller, that befits the opening act of an election season which definitely will bring lot of Adrenalin rush to everyone of us in the coming days of Campaigning. Let me give you all those supporters name, Rahul Gandhi, Chandrababu Naidu, Akhilesh Yadav, Sharad Pawar, Tejaswi Yadav, & Mayawati were quick to come into this Act of Protecting the corrupt Administrative machinery of West Bengal led by mastermind, CM Ms. Mamata Banerjee. I would like to bring out the important hidden agenda, though they are all posing as if they are against BJP, but their animosity towards Congress is no less. Some of these leaders like Ms. Banerjee, broke away from the Congress to establish their own individual mark, all of them occupy the political space vacated by the weakening of Congress, but they all have united Agenda which is to see the back of Mr. Modi.

When Our PM Modi, was the then CM of Gujarat, he was Grilled/interrogated by CBI for over 9hours, Non-stop, he fully co-operated with all these Agencies without interfering in the Investigation process. Now, look at the Irony of the situation, CM of WB, why & how she is obstructing the Independent Agency—CBI to interrogate Rajeev Kumar, the Top Cop, Why Prevent Investigations CBI? In West Bengal, Police detained the CBI team which had reached the residence of Kolkata Police Commissioner Rajeev Kumar. They were detained & then taken to the Police station, & later released- Is this not wrecking of the Constitution?

Now Why the CBI wants to question the Kolkata Police Commissioner?

CBI suspects that Rajeev Kumar is in possession of a few crucial documents which he had seized while heading the SIT.SC directed, the Agency had asked Rajeev Kumar, to submit a few documents which were missing from the documents given to them by the SIT.

A CBI officer Said” We wanted some clarity on the documents given to us by the SIT after we took over the case in 2014, after the SC’s order. During the Investigations, we found that a few crucial documents are missing and a few documents, we suspect, have been manipulated. To Clarify this part, we wanted to examine all the members of SIT including Kumar”, said a CBI officer. In 2018, the CBI had also written a letter to the DGP, of WB in connection with the Saradha Chit Fund Scam. The Letter which was accessed by many media houses, revealed the fact that, the Agency wants to examine all the members of the SIT, who were investigating the case prior to the CBI. The Agency in the letter had also said that SIT members can be examined at a place & Time of their Choice but none of the officers appeared before the Agency.

Kemon Aachen Mamata Didi?

Now when we analyse the above facts, that how these Ponzi schemes, had looted the innocent Bengalis Hard earned Money through their sweat & Blood, I think WB administration need to be held accountable to the People, whose money is lost, instead of letting these Independent Agencies to conduct free & fair Investigation, on Top Cop Mr. Rajeev Kumar, who is a key suspect & who dwindled the facts was duly protected by CM of WB, Ms. Mamata Banerjee, why is she so Rattled & feeling Jittery & indulge into Dharna Politics of shielding & Protecting the suspect Top Cop, But her TantraNitis Boomeranged severely on to her when SC gives a Nod to CBI to go ahead & Interrogate Rajeev Kumar, which is indeed a Big win for CBI & Ministry of Home Affairs to access those evidences, today after SCs intervention, Iam just gazing at these News Channels while I end my Article that Mamata Banerjee had to end her Dharna, after Mr. Chandrababu Naidu meets her & SC ordered CBI to ahead with the interrogation of Top Cop, meanwhile Mr. Yogi Aditya Nath, the firebrand & dynamic CM of UP, was denied as usual like other BJP members to conduct Rallies in WB as people are gathering in huge Numbers to Pave way for Vikas & Parivartan of New Bengal, but Mr. Yogi Adityanath, drove down from Jharkhand, to Purulia, & addressed the gathering which was in large Numbers, & UP CM, while addressing the gathering by taking a Vow to Nail all TMC Goons & also Corrupt Practices in WB, thereby making BJP to win for A better, Cleaner & smarter & Good governance under able administration of our PM Modi at the helm of Affairs

Every Voter Matters, Every Vote Matters, My Vote is for only Vikas & Parivartan of this great Nation which sustained itself from Invaders, looters, Plunders since ages, now again its high time we as Tax payers to Channelize our thought process to elect the Right Representative who will Pave way for Bharat, & Here I go with lot of Conviction, My Vote is for our PM Modi—who scripted, New India- A corrupt free Administration & Good Governance through his Pro-Vikas Agendas Instituted & Implemented for 132Cr. Bharatvasis.

Jai Hind

Dr. S. Sukanya Iyer

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