'Neither the Centre nor the state is helping us, rather they are coming up with new ways to create stumbling blocks for the return of money.'
Namrata Acharya reports.
Mohammad Naserruddin, a doctor by profession, has been living a life of a fugitive for the last six years.
He had raised close to Rs 1 crore deposits from his neighbours and friends for Rose Valley, one of the busted ponzi companies in West Bengal.
As the ponzi scam, popularly known as the chit fund scam, broke out in April 2013, and the company started defaulting payments, people started flocking at Dr Naserruddin's home, threatening and abusing him.
Six years after the scam, the anger of people has not smothered.
Some days, only during nights, Dr Nasseruddin covertly sneaks into his home.
Most of the days he dwells in different parts of Kolkata, frequently changing addresses.
Dr Naserruddin is not alone.
His fate is shared by many more.
Even as the CBI investigation into the chit fund scam turns out a political slug fest, depositors are fighting a lone legal battle under the aegis of the Amanatkari O Agent Suraksha Manch, an open forum for all ponzi-scheme affected people in West Bengal.
According to data from the forum, nearly 250 million people are impacted by the scam, involving a sum of Rs 2 trillion.
Early February, a CBI team had reached the residence of then Kolkata police commissioner Rajeev Kumar in relation the scam, when Bengal Chief Minister Mamata Banerjee openly came out to salvage Kumar and raised a dharna against the Centre.
While Banerjee has been blaming the former Left Front government for the scam, the Bharatiya Janata Party's campaign in the state revolves around the involvement of TMC leaders in the scam.
On a Tuesday afternoon, just as poll campaign is coming to a close ahead of the first phase of election in parts of West Bengal, close to 500 people have assembled outside the Calcutta high court.
A divisional bench is hearing issues related to the enforcement directorate's role in returning money to the depositors and the relevance of the recently enacted Banning of Unregulated Deposit Scheme Ordinance, 2019 in the scam.
Only a handful of people could enter the courtroom, as it runs out of space.
The rest squat outside and many more wait on roads for a lawyer to brief them.
Many have travelled overnight and some started before daybreak to be at the court premises by 3 pm when the hearing started.
Every month, at least three to four times a month, they assemble outside the court to update themselves about the latest legal status of the process of return of money.
Jayanti Haldar, a housewife from Nadia who has been bearing the ire of her family members and neighbours for defaulting over Rs 40 lakh, is not much familiar with agencies like Sebi, ED and legal acts involving illegal deposit schemes which are frequently discussed in the court.
Yet she attends each hearing.
"It has been hell at home," she sums up her ordeal over the last six years.
The depositors believe that neither the state nor the Centre is bothered about returning money to the depositors.
Instead, their interference in court is delaying the matter, says Tarak Sarkar, secretary, Amanatkari O Agent Suraksha Manch.
"We have been dying a silent death for the last six years. Neither the Centre nor the state is helping us, rather they are coming up with new ways to create stumbling blocks for the return of money," says Binay Kumar Ray, who has been running his family by conducting tuition classes, earning a paltry Rs 3,000 per month.
He lost his own savings of Rs 10 lakh, and another 25 lakh of his clients.
Rakesh Haldar has resorted to daily labourer work to earn a living since 2013.
He owes close to Rs 80 lakh to people, with his own personal savings of Rs 15 lakh at stake.
However, more painful is the daily harassment faced by people who own the money, he says.
Sheikh Jamalludin, who has a family of six to run, is now working as a roadside hawker after he lost Rs 15 lakh to the Prayag group of companies.
The long legal battle
As the politics surrounding the scam have heightened around elections, cases of close to 143 companies are to meet logical end of money disbursement through sale of assets of the firms.
So far, only about 48 are referred to the specific committee in-charge of the disbursement mechanism.
It was back in April 2013, when the Sarada scam broke, the chit fund depositors moved the Supreme Court against three companies -- Sarada, Pailan and Alchemist.
The court ordered a CBI probe into the matter.
Subsequently as other companies started defaulting, the depositors again moved the Supreme Court for return of money.
The apex court directed the depositors to the high court.
Meanwhile, the West Bengal government formed the Shyamal Sen committee to look into the Sarada case.
However, as other ponzi companies went bust one after another, more and more depositors started queuing in the commission.
The state government imposed a sin tax to raise Rs 500 crore to be disbursed among the victims.
According to Tarak Sarkar, secretary, Amanatkari O Agent Suraksha Manch, only Rs 251 crore was disbursed, of which cheques worth Rs 102 crore went to wrong addresses.
In November 2014, the government wrapped up the committee as it realised it was beyond its purview to return money dealt between private firms and individuals.
The depositors's forum then moved the high court as suggested by the Supreme Court.
The Calcutta high court created a special bench to look into the matter.
The bench directed the creation of two sets of committee -- one to return money to the depositors of Rose Valley and another for the other companies.
According to Sarkar, Alcemist has the biggest share in the scam with close to Rs 70,000 crore, followed by Rose Valley at Rs 35,000 crore and KWIL at Rs 12,000 crore.
The size of the Sarada scam is pegged at around Rs 3,000 crore.
"What is the use of voting when politicians are not concerned about our lives, savings and safety?" asks Dilip Das who lost Rs 15 lakh in the scam.