The Polit Bureau of the Communist Party of India (Marxist) has issued the following statement:

It was way back in 2014 that the Supreme Court had asked the CBI to investigate on the larger conspiracy involved in the loot of crores of rupees of people’s savings by chit fund companies like Saradha, Rose Valley etc. For full five years, contrary to its loud promises, the Modi government did not move seriously on this matter. During this period, many of the Trinamool Congress leaders who were prime accused in these scams like MPs Mukul Roy and Hemanta Sharma, moved over to the BJP. Clearly, both the BJP and the TMC were sharing the spoils of such a loot, slowing down the investigation as ordered by the Supreme Court.


In this background, the manner in which the Modi government has now moved, given its record of authoritarian assaults against non-BJP state governments and constitutional authorities, including CBI, smacks of political motivation.  The response of the TMC government and the Chief Minister, given their record of murder of democracy in Bengal, is also politically motivated. 


The CPI(M) has consistently demanded that the culprits of this gigantic scam must be booked and punished, their properties confiscated and this must be used to return the money looted from the people. This was sabotaged by both the BJP and the TMC.


These developments coming within hours after the historic and unprecedently massive rally at Brigade Parade Grounds by the Left Front is also aimed to divert public attention from the rising protests by the people of West Bengal against both the BJP and the TMC.


The Polit Bureau of the CPI(M) reiterates that all those guilty of this public loot, whether they are now with the BJP or the TMC must be brought to book, their properties confiscated and monies looted from the people be returned to them, with interest.