AGARTALA, February 27 (TIWN): After collecting more than Rs 750 crore from the people of the state Rose Valley one of the famous Non-Banking Financial Company (NBFC) is likely to flee away from the state within few day, said a source.

According to a source, without repaying the commoners’ money now the Rose Valley is likely to flee away from Tripura. The source further said that the state government had sent 37 cases related to NBFC cheating in 2013 but in case of Rose Valley, Sarada Group of Finance and Waris Group of Industries, the original FIR did not mention the amount of money and against 29 others the amount was shown very low. In 2014, when again CBI was requested to take up the remaining 32 cases, there too was no mention of the estimated amount cheated by the companies.

“It was a calculated move of the ruling left front government because name of many CPI-M leaders are involved in NBFC deals. Moreover, in case of Rose Valley, Sarada Group of Finance and Waris Group of Industries ruling party's Ministers were involved in the promotion of them in Tripura,” the source mentioned.

Altogether about Rs 1,500 core was cheated by 97 NBFCs including Rose Valley, Sarada Group and Waris but the state government has failed to take any action against them.”Unfortunately, by the time most of the NBFCs have left the state selling out their properties, neither CBI nor the state government could ensure the repayment of the commoners’ money so far,” the source added.