IRA director blames staff of company fund misuse
Source: Chronicle News Service
Imphal, December 16 2022:
Maintaining that misappropriation of fund by 19 of its staff is the reason behind the delay in re-paying the deposited amount of the investors, IRA Finance Pvt Ltd director Yumnam Irabanta has appealed to the staff concerned to return the misused fund at the earliest or face legal procedures.
Addressing media persons at Manipur Press Club, here on Friday, Irabanta informed that the company has started repaying the money deposited by its investors since December 12.However, there has been some delay in returning the investors' money owing to the company's funds being misappropriated by some 19 of its staff.
Therefore, the staff concerned are advised to repay the misused amount by December 21 failing which necessary actions would be taken up and any untoward incident arising out of it would be their sole responsibility.
He also appealed to the loanees of the company to repay their loan amount at the Luwangsangbam office by December 24 or face necessary actions.