Business Standard

Justice a long way off for victims of chit fund scam in West Bengal

Six years after the scam, the anger of people has not smothered

West Bengal Chief Minister Mamata Banerjee gestures as she speaks on her mobile  during a sit-in over the CBI's attempt to question the Kolkata Police commissioner in connection with chit fund scams, in Kolkata. Photo: PTI
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West Bengal Chief Minister Mamata Banerjee gestures as she speaks on her mobile during a sit-in over the CBI's attempt to question the Kolkata Police commissioner in connection with chit fund scams, in Kolkata. Photo: PTI

Namrata Acharya Kolkata
Mohammad Naserruddin, a doctor by profession, has been living a life of a fugitive for the last six years. He had raised close to Rs one crore deposits from his neighbours and friends for Rose Valley, one of the busted ponzi companies in West Bengal. As the ponzi scam, popularly known as chit fund scam, broke out in April 2013, and the company started defaulting payments, people started flocking at Naserruddin’s home, threatening and abusing him. 

Six years after the scam, the anger of people has not smothered. Some days, only during nights, Nasseruddin covertly sneaks into his home. Most

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