Assets of Lamjingba Group seized
Source: Chronicle News Service
Imphal, February 05 2023:
The Competent Authority, Imphal West and Imphal East (BUDS) under Banning of Unregulated Deposit Scheme Act, 2019, has seized the assets of Lamjingba Group for misleading the public to illegally deposit money in Lamjingba Finance.
According to an order issued by M Joy Singh, who is the Competent authority of Imphal East and West, an inquiry taken up under Banning of Unregulated Deposit Schemes Act, 2019 has revealed that Sanasam Jacky Singh of Thoubal Kiyam Siphai is the owner of the said Assets/Group of Companies, which is illegally attracting general public to deposit money in his Lamjingba Finance.
Jacky has failed to turn up before the competent authority along with necessary documents within the stipulated timeline.
The district deputy collectors concerned have provided the list of assets owned by Lamjingba Group.
The assets in the name of Lamjingba Group are known to have been accumulated illegally through deposits from the public which is violation under the Banning of Unregulated Deposit Scheme Act, 2019 as such Competent Authority has ordered that the assets of Lamjingba Group be provisionally attached and no operation be allowed in the said assets until further orders.