Private financial institute accused of duping
Source: The Sangai Express
Imphal, November 09 2015:
A private financial institution, United Social Empowerment (USE) Pvt Ltd has been accused of collecting a huge amount of money from about 200 people as deposit on the pretext of providing loan to them.
Addressing a press meet today at Manipur Press Club, Md Abdul Majid of Kyamgei Muslim Awang Leikai Takhok Makha, representing the people allegedly duped by USE, said he personally gave Rs 1.70 lakh to the institution in October-November last year.
However, he is yet to receive any loan from them.
Manager and Dy Manager of the private financial institute, who are brothers, promised them that loan will be provided within four months after they took the money.
They promised to provide loan amount from Rs 1 lakh to Rs 3 crore.
The two functionaries also told them that there will be no interest if the loan is taken in the name of women, Abdul Majid said.
On the other hand, applicants had spent huge amount of money for paying processing charge, legal charge and tax to the potential loan provider institute, he added.
When the people enquired about the loan, they were told that they were collecting the money from them for a private company in Meerut, UP.
They also told them to talk the matter to the private company at Meerut.
A complaint has been lodged at Imphal PS in this regard, Majid said.
A former staff of USE, Sarangthem Gyaneshore, who also attended the press meet, said there were about 34 staff recruited to seek customers.
The staff were told that none of their relatives should apply for the loan.
He said that not a single applicant was provided the loan during his stint there.