Download 2 - Central Bureau of Investigation

Assam Bill awaits Guv nod tonip Saradha-like scams in budIANSEvenGUWAHATIas the Assam Government hasstarted the process to hand over thecases of money swindling by some companiestothe CBI, the Government has sentthe Assam Protection of Interests ofDepositors (in Financial Establishments)(Amendment) Bill, 2013 to Assam theGovernor for his assent.A statementissued by the office of theAssam Chief Minister Tarun Gogoi saidthis and added that the Bill, after receivingassent of the Governor will protect theinterest of the depositors in flnancialestablishments.It will empower various authorities toreceive complaints and to start investigationsinto fraudulent transaction the statementsaid adding that the government canalso initiate investigationon its own or onthe receipt of any complaint.Once given ascent by the Governor, itwillalso make the laws more stringent makingit mandatory for the financial establishmentsto make certain disclosures andpunishment for non-compliance. It hasprovision to make the offences as cognizableand non-bailable with rigorous imprisonmehtof minimum 5 years which may beextended to 10years and fine upto Es 5 lakh.It will also have provision for fast trackor special courts to expedite disposal ofcases, the statement said.Meanwhile, as per the announcementof Assam Chief Minister Tarun Gogoi, the/Government is planning to hand overabout 15 such cases of money swindlingagainst 12 companies to the CBI.The DIII, after receivingassent of the Governor, willprotect interests ofdepositors In financialestablishments.Assam CM YawnGogol's Govt Isplanning tohand over about15 cases ofmoneyswindlingagalnst 12companiesto the CWIt may be noted that the StateGovernment had already registered 222cases against 128 companies includingSaradha Group, Rose Valley, Unipay 2 U,Jeevan Suralcsha, Prayag, Abyss AssamGroup Cc, Basil International Ltd., AllianceVision Marketing Pvt. Ltd and DaffodilsGroupof Companiesafter widespreadprotests rocked Assam.Besides 17 cases, charge sheets havebeen flied against 42 personsbelonging to15 companies while altogether 303 personshave been arrested for swindling publicmoney. The government had also seizednearlyRs 94 lakh in cash from the arrestedand 106 bank accounts with totaldeposit ofRs 24 crore have been frozenwhile a number of plots totaling more than99 bighas, besides buildings, have beenidentified and necessary steps are beingtaken p for their attachment.