Lamjingba investors stage protest
Source: Chronicle News Service
Imphal, April 23 2022:
Denouncing the fraudulent practice of Lamjingba Group, investors of the financing company staged a sit-in protest at Keishampat Leimajam Leikai community hall on Saturday while demanding the government to take up actions against the chairman of the group Sanasam Jacky.
One of the investors, Hi-jam Dorendro said that Lamjingba Group lured them to invest in the company with the promise of lucrative interest rate.
However, the company turns out to be a RBI non-regulated company, he said and added that the company chairman Sanasam Jacky has been swindling the hard earned money of the investors under the excuse of Covid-19 pandemic.
Instead of sorting out the issues with the investors even if he cannot pay the interest, Jacky went into hiding, he said while informing that around 15,300 investors have invested nearly Rs 600 crore in the company.