Man dupes 13 people, cheats Rs 40 lakh
Source: Hueiyen News Service
Imphal, April 28 2015 :
A manager of a micro finance institution has allegedly duped gullible 13 people and cheated them of Rs 40 lakh by assuring to give them personal loan.
Yumnam Samananda (37), son of Y Achou of Langmeidong Mayai Leikai, who works as manager for United Social Empowerment, an NGO based in Imphal West's Nagamapal Kangjabi, is now absconding, the victims told reporters at Manipur Press Club here on Tuesday.
However, the loan he had promised to them was to be sanctioned by a Reliance Finance Private Ltd for which he works as an agent, they said.
Samananda assured the applicants that the loan would be released within three months, but he failed to do so and then he assured them again that the loan would be given within six months' time.
However the promise was not fulfilled this time, too.
Each loan seeker deposited up to Rs 20,000 to the Reliance Finance Private Ltd.
Samananda told them that the loan could be applied and availed without guarantors.
He allegedly browbeat the victims telling them that they could take any action against him for failing to give the loan.
He maintained that the money was not taken by him.
"The Finance Private Company Ltd is a fake institution," they said.
They said Samananda is still collecting money from other people on the same pretext of giving personal loan.
The victims warned of strict legal action against him if the huge amount he had collected from them is not returned within 15 days.
They also urged all concerned to punish the alleged fraud.