......With the RBI receiving several such complaints, it wrote letters to the state government in January this year as well as February urging it to take action against shady chit fund companies operating in Bengal. The letters, which were sent to the office of chief secretary as well as Chief Minister's Office state that the RBI was receiving several complaints from people regrading chit fund companies operating in the state. As the responsibility for prosecuting these firms for any violation of law is with the state government, the state government should take action against them, it added. The government did not reply to any of the two letters of the RBI...........
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