Investors urge Govt to take over assets of Salai Holdings
Source: The Sangai Express

Imphal, April 08 2021: Salai Promoters Union and Salai Action Groups appealed to the Government to take over the assets of Salai Holdings Pvt Ltd and help in releasing the capital amount of the investors.

The above appeal was made by Sunildro Laishram convenor of Salai Promoters Union while speaking to media persons during a press meet held at Manipur Press Club yesterday organised by the union and Salai Action Groups.

He continued that an investor's list will be compiled so as to claim the amounts invested in the firm by the respective investors and appealed to all the investors to submit the documents concerned to the association on or before April 15 so as to get themselves included in the list.

Those investors who have difficulty in submitting the documents in the association may contact the MLAs concerned, Chief Minister and Police Stations concerned and file a complaint accordingly, he added.

He further stated that since the company's accounts and assets have been frozen for a long time, the investors have suffered tremendously and the association has fought relentlessly for the rights of the investors.

It may be mentioned that the company was set to open from April 2 however due to the arrest of its managing director Narengbam Samarjit by NIA, things are on hold now adding more woes to the investors.

Therefore considering the immense plights of the investors, he urged the Govt to take up necessary steps to help in solving the issue at the earliest.

If the demands are not heeded they may resort to democratic form of protest, he added.

On the other hand, JAC for Salai Depositors sought the intervention of Governor Najma Heptulla into the matter.

In a letter addressed to the Governor, the JAC requested the Governor to advise the Chief Minister to see that the crisis be solved by the Government, by either allowing the Salai Holdings Pvt Ltd to repay the deposits or failing which the Government to take over the movable and immovable assets including bank accounts of the company so that the Government may mitigate the emotional and economic suffering of the investors.

A memorandum has already been submitted to the Chief Minister by the investors for his kind initiative to redress the grievances to secure the deposited funds from Salai Management however he has not intervened till date which only aggravated the misery of the investors, said the JAC.

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