“We have ensured that no loopholes are left by using great legal acumen while drafting the Bill. I want to assure the House while drafting the rules, we will ensure there are no loopholes,” he said.
Taking a jibe at the TMC, Goyal said it seems some parties do not want to protect the poors’ money who deposit their income in ponzi schemes.
TMC’s Sudip Bandopadhyay said his party supported the Bill, but the Saradha scam was not properly investigated.
“This must be taken care of. The West Bengal government led by Mamata Banerjee had passed a stronger Bill than this, which has been forwarded to the Centre. I hope the Bill, passed by the Banerjee government, will also be considered,” Bandopadhyay said.
He also opposed the term ‘chit fund’ and asked why should any fund be recognised as a chit fund. “Why should the government not declare that the term ‘chit fund’ itself is banned? These funds do not say they are chit funds. They come as regular businesses, nobody can detect that they have chit fund business. The name should be abolished and they should not be allowed to conduct their businesses,” he said.
Shiv Sena’s Anandrao Adsul, Adhir Ranjan Chowdhury (Congress), Mohammad Salim (CPI-M), Bhartruhari Mahtab (BJD), Jitendra Reddy (TRS), Farooq Abdullah (National Conference) and N.K. Premchandran of the Revolutionary Socialist Party supported the bill.