Were Bengal’s Chit Fund Scamsters Buying Mamata Bannerjee’s paintings for Political Patronage?
West Bengal has a history of financial scams, specially those related to chit
funds. In the 1970s, there was a Sanchayita investment scam where investors
lost many crores. That scam led for creation of Prize Chits and Money
Circulation Schemes (Banning) Act of 1978
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