Baruipur, 5 Oct: The state government will distribute cheques to 1000 defrauded Saradha investors in South 24-Parganas.

The Assembly speaker, Mr Biman Bandopaddhyay, today distributed 50 cheques to the Saradha chit-fund investors at Baruipur. The administration was directed to take immediate action against those chit-funds who are still continuing their business, he said.

The swindled investors of Saradha who were given cheques today by the government at Baruipur are mainly from poor families .

Most of the investors had invested a large sum of money in hope of getting back double the amount.

The state government today distributed cheques amounting to Rs 5000 and Rs 10, 000.

Mr Bandopaddhyay warned those chit-fund companies who still continuing to cheat poor people in the districts and said the administration was directed to take immediate action against those. sns