1,500 investors likely to be partially compensated
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With Chief Minister Mamata Banerjee approving the Rs 500-crore corpus fund to repay those who lost their money when the Saradha group went bust in April this year, the Justice Shyamal Sen Commission is likely to recommend compensating at least 1,500 investors before the Durga Puja.
This will be the first batch to be compensated through the corpus fund. Priority will be given to those who invested Rs 10,000 or less. They will get at least a portion of the investment they lost.
According to sources, the Sen commission, set up by the state government to probe the Saradha scam and work out ways to compensate the depositors who lost money in the scandal, has already completed the hearing for around 7,000 investors. It has decided to submit the recommendation list in a phase wise manner. Mamata is likely to announce the compensation for the first batch, mostly belonging to the rural Bengal, ahead of Durga Puja.
"The commission is recommending the names based on certain parameters . The investors, whose schemes have matured, would be recommended to get their money and the investors who have invested around Rs 10,000 would be given a priority. The poor people who have lost everything to the scam are being given prime importance," said a senior government official pleading anonymity.
Meanwhile, the commission, which has received 17.39 lakh applications from investors with most of them having deposited Rs 10,000 or less, also came across several fake documents submitted by the money losers claiming compensation.
The forged documents were issued to the investors by some Saradha group agents in the name of the company. Saradha CMD Sudipta Sen, who is at present in jail, is also said to have told his interrogators that lakhs of fake certificates were issued by forging the documents, though the money was never deposited with the company.