`Action against fake institutions in Assam"
Guwahati: The Assam government Thursday said stern actions were being taken against fake financial institutions which were duping countless investors in the state.
Parliamentary Affairs Minister Nilomoni Sen Deka told the state Assembly that as of March 6, 2013, a total of 192 cases had been filed against 117 such companies.
"Besides, as per report from DIG (CID), 273 people have been arrested for involvement in such institutions," he said.
"The police have also seized 106 bank accounts and Rs 93.81 lakh. In addition, property worth Rs 24.28 crore and six bighas of land have also been seized from fake financial companies," he said.
Asom Gana Parishad MLA Bhupen Ray raised the issue of fake companies and fly-by-night operators and said Assam had witnessed a proliferation of such firms in recent years.
"Crores of rupees have been embezzled by such companies. The 22 lakh unemployed youths of the state are susceptible to be influenced by such firms and become agents or middlemen for them," Roy said urging strict enforcement of RBI and IRDA rules in the state.
- Will Sonia Gandhi answer RSS's claim of igniting riots in the country?
- DNA: Only 4% of Indian polpulation pays income tax
- Police arrest person accused of abducting woman in Bengaluru
- Scientists find three Earth-sized planets orbiting dwarf star
- Kerala: Dalit law student brutally raped, murdered in Ernakulam
- Nobody came to help while I screamed, says victim of Bengaluru kidnapping case
- Indian Premier League 2016: List of 11 injured players that have been ruled out of remaining tournament
- Kishore Biyani resigns as Managing Director of Future Retail
- I'm against honouring Malala Yousafzai with Nobel Peace Prize: Spiritual leader Sri Sri Ravi Shankar
- Sebi cancels registration of Deutsche Mutual Fund