Kolkata, Dec 13: Seven months once passing legislation aimed to shield interests of account fund depositors however failing to urge presidential assent, the West Bengal assembly Thursday cleared another bill on the difficulty, amidst the opposition’s apprehension that it might once more be sent back for having unconstitutional provisions.

The West Bengal Protection of Interest of Depositors in money institutions Bill, 2013, was passed nemine contradicente, with minister Amit Mitra claiming that it contained a lot of tight provisions than the sooner legislation of constant name in transportation to book unscrupulous monetary firms.

The bill, cleared by the House April thirty in an exceedingly session days once the Saradha cluster account fund scam came to lightweight and sent for presidential assent, was came back to the government with major queries in Sept.

The central government had objected to many provisions within the bill and wanted variety of clarifications.

Mitra, who tabled the legislation anew, aforesaid the sooner bill was being withdrawn, and stated a letter he had written to the union home ministry Nov thirty decrying the delay in enacting the new law.

“We can’t be reaching to the lawmaker with newer and newer bills and with newer and newer suggestions. Therefore, we have a tendency to presume that the comments created by the govt. of India on the bill is comprehensive, full and final. You ould agree that abundant time has been lost on queries, suggestions… that has been thrust on us”, the minister aforesaid, quoting from the letter.

Leader of Opposition Surjya Kanta Mishra touched some amendments that weren’t accepted.

Mishra later told reporters that the Left Front extended support to the legislation because it wholeheartedly favoured a powerful law which might bring perpetrators of such crimes to book.

“In Apr conjointly we have a tendency to supported and also the legislation was passed nemine contradicente. Then they’d withdrawn a bill that the low frequency government had passed. constant story has been perennial. There are ton of loopholes. The clause on granting retrospective result is against Article twenty of the constitution.”

Accusing the Mamata Banerjee government of keeping the house within the dark on the clarifications and changes wanted by the central government, Mishra said: “They failed to even tell us concerning the points they need accepted.”

“Our apprehension is that the loopholes are unbroken to shield the $64000 culprits. the govt. is buying time to assist them. the govt. is compensating the depositors from the tax payers’ cash. Properties of the Saradha group is being transferred illegally,” he alleged.

The Saradha scandal came to lightweight in Apr once the corporate company across Bengal, unable to pay back the depositors, chiefly poor individuals in little cities and villages, who had put their life’s savings with the cluster, lured by the promise of big returns

The multi-crore scandal, the most important money scam to hit the state, has triggered a spate of suicides by agents and depositors of ponzi corporations.