Investors demand
Source: The Sangai Express

Imphal, June 13 2024: Halal Finance and Pari Mutual Benefit (PMB) Nidhi Ltd investors have demanded repayment of their investments amounting to Rs 46 crore from Sheikh Abdul Hakim, Chairman of Halal Finance and PMB Nidhi Ltd by June 30 .

It is worth mentioning that Sheikh Abdul Hakim ( MCS) is also the Joint Secretary of Youth Affairs and Sports (YAS), Government of Manipur.

A press conference was organised by investors of Halal Finance and PMB Nidhi Ltd at Manipur Press Club today to address the issue.

Speaking to media persons, Md Ramijuddin, an investor, stated that they are ready to file an FIR if their investments are not repaid by the aforementioned date.

He further shared that Halal Finance and PMB Nidhi Ltd located at Hatta, New Checkon Road was established around 2018-2019 with Sheikh Abdul Hakim, s/o (L) Noor Mohammad from Kshetri Awang Leikai, Imphal East as the chairman.

Under his chairmanship, Sheikh Abdul Hakim reportedly appointed five directors and collected investments as bond undertakings from roughly 1200 investors who invested anywhere between Rs 1 lakh to Rs 50 lakh, said Md Ramijuddin.

The chairman allegedly encouraged the investors to part with their money using his position at YAS to gain their confidence, according to Md Ramijuddin.

Showing the relevant documents to the media, Md Ramijuddin shared that their investments have not been repaid even after considerable assurances from the chairman.

Thus, on behalf of the investors he urged the chairman to ensure repayment of their investments by June 30, failing which they will resort to legal recourse.

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