Romel Sutariya, a convener of Gujarat-based NGO ‘Ek Awaaz Ek Morcha’ has claimed that a massive chit-fund scam of INR 10,000 crore bigger than the Saradha Group Financial scandal has silently crumbled the state after he mustered all the essential testimonials and documents from the local investors based in different parts of Gujarat.
Saradha Group had allegedly run chit fund operations spread over the states of West Bengal, Assam and Odisha till 2013. The quantum of total money mobilised by the accused company was over INR 2,459 crore out of which INR 1,983 crore remained unpaid to the depositors to date (excluding the interest amount).
The activist Romel Sutariya had extended his support to the victims of the chit-fund scam. In a bid to get them the desired justice, he compiled all the substantial details to strengthen the case against the illegal fund operations that had happened across the state.
While speaking to Vibes of India, Sutariya said- “A relief package must be announced by the Gujarat government for the victims of multi-crore chit fund scam, the way a relief package was offered to the victims of Saradha chit fund scam. Besides, a separate SIT must be constituted and a state-based ‘Grievance Redressal Mechanism’ must be formed. An appropriate compensation must be provided to the family and kin of the deceased, who have committed suicide in the backdrop of the scam.”
Numerous micro-finance companies from different…
