Beware of ponzi schemes call sounded
Source: The Sangai Express
Imphal, December 01 2023:
The Reserve Bank of India (RBI) organised a financial awareness programme on "Unregulated Deposits Schemes, Cyber Frauds, RBI Ombudsman Scheme and Safe Digital Banking" at the Imperial Hall of Hotel Classic Grande, today.
The programme was attended by police personnel, representatives of industry associations, and officials and customers of various banks & NBFCs.
Speaking as the chief guest, IGP (Operation) of Manipur police IK Muivah said that the police have started investigating the bank heist case of Punjab National Bank, Ukhrul branch and are on high alert to arrest all the miscreants involved in the heist.
Saying that adequate measures have to be taken up to make sure banks are safe and secured, the senior police officer reiterated that investigation is underway to nab the bank looters.
IK Muivah, on the other hand, said that the RBI organising the financial awareness programme is very appropriate as many people in Manipur have lost considerable amounts of money from ponzi schemes and other investments which promised high returns.
He then appealed to the people to not invest in ponzi schemes and fraudsters who collect money while promising huge returns.
Chief General Manager of RBI Imphal Thotngam Jamang, while giving the opening remarks, stated that a collective effort of police and bank officials is needed to prevent people from falling prey to cyber frauds and other illegal transactions.
During the awareness programme, Joint Secretary (Revenue) spoke on "Banning of Unregulated Deposit Schemes Act, 2019 : Act Provision & Implementation in Manipur" while Cyber Crime SP Ningombam John deliberated on "Curbing the Menace of Cyber Frauds: Manipur Police" .