GUWAHATI, March 30 � There are 109 non-government financial institutions operating in the State. They are registered with the Reserve Bank of India (RBI) and working as Non-Banking Finance Companies (NBFCs). But the RBI has granted permission to none of these companies to collect people�s money as deposits.
Disclosing this in the State Assembly today, Education Minister Himanta Biswa Sarma said on behalf of Chief Minister Tarun Gogoi, who is also the Finance Minister of the State, that according to the Political (Investigation Wing) information, 23 of these companies have been operating illegally as they do not have any RBI permissions for such operations. They are operating with the help of the licences obtained from the municipal corporation or the municipal bodies, the Minister said. He was replying to a short notice question put by Utpal Dutta (AGP).
He further informed the House that Rose Valley is one among these 23 companies. Cases have been registered against these illegal NBFCs. On the other hand, the Minister said none of the RBI, Bureau of Investigation of Economic Offences (BIEO) or the police has any information about the location of the headquarters and other related aspects of the Sarada Group.
Moreover, he said, since these companies have not been accorded permission by the RBI to collect deposits, the BIEO does not have any exact information on the amount of money collected by Rose Valley, Unipay to You and other companies from the people. The police is probing the matter. The BIEO and the police have registered cases against Rose Valley and Unipay, the Minister said.
The Unipay to You Marketing Pvt Ltd was registered in Tamil Nadu and it spread its business network throughout the country. Its headquarters was located in Bangalore. At present, its founders are absconding. The BIEO has registered a case against this company and it is gathered that it had invested hundreds of crores of rupees in the country
In all, 23 NBFCs have fled the State, embezzling the people�s deposits. Cases have been registered against them and investigation is also on. The CID has registered 89 cases against them.