New bill to protect investors in Bengal to be tabled today

April 29, 2013 09:28

A special two-day session of the West Bengal Assembly, convened to introduce a bill to protect investors better, begins today.

This move comes in the wake of the Saradha Group chit fund scam, in which lakhs of investors have been duped of their savings.

The session was called for after an all-party meeting on Friday. The new bill -Interest of Depositors in Financial Establishments Bill 2013 - will be tabled today.

The chit fund went bust two weeks ago and the head of the Saradha Group, Sudipta Sen, and his associates have been arrested.

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