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Manik Sarkar's Rose Valley Saga in Tripura : Mushrooming of Chit Fund since 1998 began in the hands of the then Law Minister, who is none other than Manik Sarkar
TIWN Nov 5, 2017
Manik Sarkar's Rose Valley Saga in Tripura : Mushrooming of Chit Fund since 1998 began in the hands of the then Law Minister, who is none other than Manik Sarkar
PHOTO : Rose Valley property seized at Agartala. TIWN File Photo.

AGARTALA, Nov 5 (TIWN): Why Chief Minister Manik Sarkar didn't bother about the then Finance Minister Badal Choudhury's concerns on the mushrooming of chit fund companies in Tripura since 1998 ? Later, Badal Choudhury was shifted from finance, revenue, whereas in 2013 when Sudipta Sen was arrested at Calcutta all the chit fund companies heads in Tripura were allowed to escape instead of being arrested. The then Finance Minister Badal Choudhury in 2000's Assembly strictly alarmed the state about increasing chit fund companies in Tripura but on that time Manik Sarkar was the Law Minister, who didn't take any action against the companies radical progresses throughout the state.

On 1999 a law was passed in after opposition Congress held protest in the Assembly. The Act was “The Tripura Protection of Interest of Depositors (In Financial Establishments ) Act". That time Manik Sarkar also the Law Minister of Tripura, but it took 7 years more to get a print out of the law in the Govt offices, but Manik Sarkar as the Law Minister was abide by all laws regarding Chit-fund, allowed Rose Valley disaster in state.

Recently opposition MLA Sudip Barman said, “When Rose Valley came in Tripura Bijita Nath, Manik Sarkar, Tapan Chakraborty and other legislators propagated the company. Not only this the CPI-Ms did as much as possible to create the trust for the company among the public mind”.

The BJP leader Sudip Barman on Saturday has raised question, how the state govt in Tripura declared Rose Valley scam as of Rs. 35 crores, which had extended Rs. 97.84 crores ?

Tripura Govt recently has given a press release refusing various allegations against the state govt on 10 issues and among the allegations Rose Valley was on the toplist. Sudip Barman said, "How the allegations were denied, for which Badal Choudhury had to loose his Ministry, what about the brand ambassadors of Rose Valley as Gautam das, Bijita Nath and others ?"

Sarkar’s “intimacy” with Rose Valley group of Agency were alleged, linked various times who not only promoted chit fund but also allowed the thieves to loot the public funds. Barman also raised question, why after 2013 when Sudipta Sen was arrested, Manik Sarkar allowed the chit fund scamsters to escape from state?

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